Indiana Manufacturers Concerned About Possible Recession – RVBusiness – Breaking RV Industry News

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INDIANAPOLIS – A new survey shows Indiana manufacturers are adjusting their future plans due to inflation and subsequent high interest rates, according to a report by Inside Indiana Business.

The 2023 Indiana Manufacturing Survey was conducted by Katz, Sapper & Miller in partnership with the Indiana University Kelley School of Business and the Indiana Manufacturers Association.

The survey shows about a quarter of the 80 manufacturing companies based in Indiana believe their current financial performance is challenged.

Mark Frohlich, director of the Center for Excellence in Manufacturing at the Kelley School, explained the biggest takeaway from this year’s survey.

“Fifty-five percent of Hoosier manufacturers think there’s going to be a recession next year,” he said. “We thought it might be a toss up, you know, maybe a little under 50%, maybe a little bit over 50%. And when we saw the results, we thought that made a lot of sense. Indeed, when you look at the business media in general, for every article that says there will be recession, there’s another one that says it won’t be. But yeah, that was a little bit of a surprise.”

Click here to read the full report by Inside Indiana Business.