Despite some concerns about a possible recession, most manufacturers in a recent Wipfli survey expect their revenues to increase next year.
The Milwaukee-based accounting and advisory firm released the results of its latest online survey conducted via email in August. A total of 335 manufacturing companies responded. About 11% of which are based in Wisconsin.
The survey found that 88% of respondents project higher revenues in 2024. Optimism among the manufacturers appears to have risen, 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. See more findings.