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Poll Finds Optimism About '96

November 24, 1995|From Associated Press

NEW YORK — U.S. mid-size manufacturers are hopeful about where the economy is headed and believe their profits will rise in 1996, according to a survey released Thursday by the accounting firm Grant Thornton.

Sixty-seven percent of the 250 manufacturing executives questioned recently in the fifth annual Grant Thornton Survey of American Manufacturers described their outlook for the U.S. economy as optimistic. Twenty-four percent were uncertain and 9% were pessimistic.

At the same time, 54% of the manufacturers expect higher profits for 1995 and 65% predicted that earnings will continue to rise next year.

Top executives of companies with annual sales of $10 million to $500 million answered questions by phone in mid- and late October. The independent research firm Clark, Martire & Bartolomeo conducted it; the margin of error was plus or minus six percentage points.

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