While personal optimism is down 19 points, things are looking up in manufacturing. What do you think ’05 will bring?
According to a new ABCNews.com poll, personal optimism for the year ahead is down 19 points. Not surprisingly, optimism and pessimism within this poll are sharply divided across partisan lines. Those surveyed in that study must not be involved in making stuff, as another poll published by the Institute for Supply Management indicates that things are looking up in manufacturing. It’s an extensive report of the coming year, and summarily forecasts, for example, that capital expenditures will increase 1.6%, production capacity will increase 5.6%, and that nominal manufacturing revenues will be up 7.8%. Not fantastic numbers, but upward can only be a good thing. The ISM report also forecasts that we should also expect strong growth in both imports and exports. What do you think ’05 will bring?
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My opinion reflects a region that will see considerable optimism. The Vancouver 2010 Winter Olympics spin-off is already seeing residual benefits in many ways. The range of this manufacturing excitement ranges from housing, tourism and anything remotely related to what industry and people need to enjoy them. From my perspective, vehicles of all types and sorts will need superior car care products like what Amsoil synthetic lubricants and related products.
Everything from transport trucks, cars, snow making equipment, ski lifts, manufacturing and production equipment will all see reduced operation and maintenance expenses. The rush of moving people and materials will make downtime as undesirable as sliding down a slippery slope. (Let’s hope the slopes will be very slippery with the white stuff in 2010.)
RH.