In its second annual survey of industrial indicators, GlobalSpec, Inc., the industry's largest online technical product resource for the engineering and technical buying community, has found that businesses in the industrial sector are generally optimistic about revenue projections compared to last year. Further, the percentage of companies planning to cut spending has dropped substantially compared to 2002.

In an online survey of nearly 600 respondents, GlobalSpec found that 87 percent of U.S. companies anticipated total revenues this year would be the same or ahead of last year. That compares with 79 percent answering the same question in 2002. Seventy-five percent of respondents indicated 2003 revenue projections are on target or ahead of target, compared to 64 percent in 2002.

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