Chief Executive Network Surveys Manufacturing, Distribution and Service Sector CEOs
Chief Executive Network (CEN), the premier industry sector organization for CEOs and senior executives, recently surveyed over 350 companies covering a broad cross-section of the industrial and service sectors. The purpose of the survey was to determine how mid market (non Fortune 500) and smaller companies see their near term business prospects.
CEN polled its membership on the percent of change in relationship to revenues, profits, and hiring for two time frames. The first time frame was Q4 in relationship to Q3 for 2007 with the second time frame comparing 2008 to 2007.
Overall findings from the survey include:
* 2007 Q4 revenues up 4.8% and profits (EBITDA) up 6.8% over Q3
* 2007 Q4 hiring increase 3.7% over Q3
* 2008 revenues estimated to increase 7.8% over 2007
* 2008 profits (EBITDA) estimated to increase 10.4% over 2007
* 2008 hiring is expected to increase 5.2% over 2007
“Interestingly, our manufacturing/distribution sector forecast was more bullish than the service sector forecast,” says Bob Grabill, President and CEO of Chief Executive Networks. “Although the variances between the two sectors were not terribly significant for the remainder of this year, in 2008 the sectors begin to separate more,” Grabill stated. “In fact, manufacturing/distribution companies are more optimistic on revenue growth by 1.8% (8.5% from 6.7%) and profit growth by 6.3% (12.9% versus 6.6%), than the service sector when comparing 2008 expectations over 2007.”
“It is clear from this survey that the small and mid-size companies (non financial sector) continue to be optimistic regarding the future of the overall business economy growth,” Grabill concluded.
About Chief Executive Network (CEN)
Chief Executive Network is the premier industry sector organization for CEOs and Senior Executives. The network supports its membership with current information on best practices, recent trends and technological advances. Through meetings and its member connections programs members have the opportunity to gain key business contacts, receive critical guidance on key decisions they face, and in short significantly “short cut the learning curve.” For more information about the company visit www.chiefexecutivenetwork.com.