2023 Marcum National Manufacturing Survey Report

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THE 2023 MARCUM NATIONAL MANUFACTURING SURVEY

Body Content When asked about coping with rising rates, just 38% of respondents were planning to raise prices, falling from 70% last year. Instead, the top answer this year was reducing expenses, at 48%, followed by changing the approach to inventory and altering/renegotiating with suppliers at 30% a piece. While all companies are feeling the pinch of rate increases, just 34% of respondents expected rates to affect their business more in the coming year, perhaps suggesting that people believe the Fed has done most of their work and their companies are prepared for a higher rate environment. Economic Anxiety Rising Only Slightly (Continued) Article Headline