Industrial manufacturing industry expected to grow in 2014

U.S. industrial manufacturers have expressed optimism for the industry in 2014, according to the Q4 Manufacturing Barometer.

The study, which was conducted by PricewaterhouseCoopers, polled 60 executives in the industrial manufacturing industry to get their predictions for 2014. Of those that responded to the survey, 68 percent predicted positivity for the next 12 months. This is a 20 percent increase from the fourth quarter of 2012. Along with optimism for 2014, 85 percent of the respondents believed revenue will grow, while 13 percent foresee double-digit gains for their businesses.

Bobby Bono, U.S. industrial manufacturing leader at PwC​, said many of the executives who were surveyed believe the industry will be a bit more bold in 2014.

"As we continue to see the global macroeconomic environment improve, we expect U.S. industrial manufacturing executives, bolstered by strong balance sheets, to more aggressively compete for businesses in international markets and increase capital expenditures," Bono said in a statement.

With the economy improving, many executives who responded to the survey believe they will be adding new jobs for their businesses in 2014. Up from 58 percent in the third quarter of 2013, 60 percent of the executives who were polled in the fourth quarter said they will add new employees over the course of the year at a moderate pace. Only 37 percent employment will stay steady for the year.

Of the type of employees who are being looked at, a majority of employers will be looking at employees for skilled labor (42 percent) while professionals/technicians (30 percent) and production worker (28 percent) will also being looked at.

Businesses who are need to add experienced workers for skilled labor jobs or technician uses can enlist the services of manufacturing recruiters or operational recruiters to help them fill open roles.