2018 Annual Manufacturing Outlook
New England - KLR published its 3rd Annual Manufacturing Outlook Report that includes how tax reform, revenue, and technology impacts the industry.
Tax reform is a game changer in 2018. Looking ahead, many companies expect stronger demand in new and exsiting markets, along with improved operating cash flow, thanks to lower tax rates and other tax breaks. Many respondents plan to use their tax savings to capitalize on growth opportunities, upgrade technology and expand their capabilities.
Our report covers insights on:
- Revenue growth
Spending & Investment
Taxes & Tax Reform
About our Survey:
KLR’s 2018 Manufacturing Industry Outlook Report is based on the results of our confidential, web-based survey that was conducted using SurveyMonkey.com, an online survey provider.
From April 23 to May 17, 2018, 100 manufacturing companies responded to our survey. It consisted of 20 questions about a wide range of topics, such as growth expectations, challenges and opportunities, direct costs, and capital expenditures.
We solicited feedback primarily from owners, CEOs and senior level executives of New England manufacturing companies. Most of the respondents had between $1 million to $20 million in annual revenue. But there were a significant number of very small and very large companies involved in the survey. 11% had more than $100 million in annual revenues.
KLR is a New England Regional Public Accounting Firm that is ranked among the Top 100 firms in the United States. From its five office locations in Boston, Providence, Newport, Waltham & Shanghai, the 250+ person firm provides assurance, tax, and business advisory services to private and publicly-held companies throughout the United States and abroad. KLR is a member of Leading Edge Alliance Global, the 2nd largest international professional association of independently-owned accounting, financial, and business advisory firms.