Hoosier manufacturers are strong and getting stronger, according to preliminary results from the 2011 Indiana Manufacturing Survey. The survey is currently underway and is being conducted by Katz, Sapper & Miller, LLP, in partnership with Indiana University’s Kelley School of Business, Conexus Indiana, and the Indiana Manufacturers Association.
When asked about financial performance over the past two years (2009-2010), a majority of Indiana's manufacturers claimed to be either stable (28%) or healthy (24%), while 49% reported that their business was "challenged.” The survey results also show encouraging news in terms of jobs for 2011 and beyond. When asked about their plans for opening new manufacturing facilities in Indiana in the next two years (2011-2012), 11% responded "yes," with 44% responding for existing products, 12% new products, and 44% both existing and new products.
The survey remains open until May 1. Indiana manufacturers and distributors interested in participating are welcome to do so by visiting the 2011 Indiana Manufacturing Survey site. An executive summary of the survey findings will be released later in 2011.