Survey finds optimism about 2024 manufacturing revenues despite recession concerns
14 Nov 2023
Despite some concerns about a possible recession, the vast majority of manufacturers in a recent Wipfli survey expect their revenues to increase next year.
The Milwaukee-based accounting and advisory firm yesterday released results of its latest online survey conducted via email in August. A total of 335 manufacturing companies responded, 11% of which are based in Wisconsin.
Eighty-eight percent of respondents project higher revenues in 2024, the company’s report shows.
And optimism among these manufacturers appears to have risen this year, as 35% said they feel much better about their company’s financial future than they did at the start of 2023. Another 44% said they feel somewhat better about it, while 11% said they feel somewhat worse, 8% said no change and 2% said much worse.