More manufacturers expect a better 2010

Well, this is hopeful news.

Manufacturers in Minnesota are more optimistic about 2010 than they were in 2009, according to a survey of 500 manufacturing companies in the state.

One quarter expect to see economic growth in 2010, compared to 19 percent last year. Forty-four percent expect their firm’s annual gross revenues will increase. Only 23 percent expected higher revenues last year, the research sponsored by Enterprise Minnesota found.

Many said the recession has made them better. It’s prompted them to better focus, change operations and to innovate which has positioned them for future growth.

But a diminishing availability of credit is a looming concern. Thirty-seven percent — three times more than last year — have been experienced tight credit. Nearly 30 percent say it’s had a significant impact on their business.

 

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