The report has been compiled, for more than 10 years, based on a survey to approximately 500 Canadian manufacturing decision makers and provides insight into Canada's economy and the issues facing Canadian manufacturers and exporters. The information in the report is used by analysts and decision makers to formulate forecasts, set strategies and policies for action in Canada's manufacturing sector.The 2017 surveyemerges that 94 percent of respondents consider themselves optimistic or cautiously optimistic about the business outlook for 2018 while 95 percent are optimistic or cautiously optimistic about the outlook for the three-year period 2018-2020. The improved outlook for 2018 concerns both turnover (62% of respondents) and orders (57%). 39% expect profits to increase in 2018. In addition, 52% of the sample expect to purchase machinery and equipment in the next 3 years.
The panel of experts called to comment on the report's findings generally shared a general optimistic mood. The panel included executives from companies in the industry, representatives of trade associations and the spokesperson for the Machines Italia project, James Johnson.
The round table was also attended by a pool of editors from the publishing group's major industry publications (Plant Magazine, Canadian Packaging, Design Engineering, Food In Canada, Canadianmanufacturing.com) and manufacturing companies, consortia economists and industry representatives;
Automatic Coating Ltd. Grant Thornton LLP, Excellence in Manufacturing Consortium,
OTTO Motors, Kitchener, Pond Technologies, TD Economics, Jervis B. Webb Co.
MEMEX Inc, AGNORA, Select Food Products Ltd. Malabar Super Spice Co,
SYSPRO Canada.
The report with comments from the round table was distributed to more than 50,000 Canadian manufacturing companies and summary articles and press releases published in each of the 18 Anne Group magazines. Logo and coordinate Machines Italia were featured in the report as an official partner.
The full version of Manufacturers Outlook 2017 is available in the publications section of the Machines Italia portal and on the Plant magazine website.
For more information about the initiative, please contact info [at] machinesitalia.org (subject: Machines Italia E-newsletter)