By Mike Reicher, Nashville Tennessean
Despite a slowdown in the global economy, manufacturing executives concentrated in the southeast and Midwest are bullish about their regional economic growth, according to a new report.
In a survey of 350 manufacturing executives from October, the majority of respondents expected to increase hiring, pay more wages and take in more revenue during 2019.
The survey and report were co-produced by LBMC, a Brentwood-based accounting and consulting firm, and the Leading Edge Alliance, an industry association.
The findings contrast with gloomy news from the International Monetary Fund, which on Monday said the global economy is softening faster than expected.
“There’s a feeling that there’s still room for expansion, but there’s just worry,” said John Mark McDougal, LBMC manufacturing industry lead, “One major event… could change this outlook overnight.”