Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Trump reiterates proposal for Russia and Ukraine to stop at current front line, negotiate later
Reuters: Trump says no discussion regarding Ukraine ceding Donbas to Russia
US Vice President JD Vance: There is currently no security infrastructure in place to ensure the disarmament of Hamas
Israeli occupation forces said that "ceasefire in Gaza begins to be re-implemented."
Israeli media: 'Israel' to halt entry of humanitarian aid into Gaza until further notice.
Al Mayadeen correspondent: One woman was killed and several children were injured as a result of Israeli bombing of displaced Gazans' tents in the Mawasi area of ​​Khan Yunis, south of the Gaza Strip.
Al Mayadeen correspondent in Gaza: An Israeli airstrike targeted the eastern areas of Jabalia, north of the Gaza Strip.
Al Mayadeen correspondent in Gaza: An Israeli airstrike targeted Al-Bureij refugee camp in the central Gaza Strip.
Al-Qassam Brigades: Communication has been severed with what our remaining fighters (if any are still alive) in Rafah, which is currently under occupation's control.
Al-Qassam Brigades says continues to abide by ceasefire, no knowledge of developments in Rafah.

91% of manufacturers will spike prices in second half of 2023: Poll

  • By Al Mayadeen English
  • Source: Forbes
  • 14 Jun 2023 23:38
3 Min Read

Forbes, Xometry, and Zogby polls of senior CEOs reveal a preference for Biden's manufacturing policy.

  • x
  • Poll: 91% of manufacturers will spike prices in second half of 2023  
    A worker sorts products at EIP Manufacturing in Earlville, Iowa, United States on April 22, 2021. (AP)

A new poll by Forbes, Xometry, and Zogby shows that nine out of ten manufacturers plan to raise prices in the second half of this year. The price increases will be on top of previous increases since roughly 62% of respondents claimed they had already raised prices this year.

Even though Consumer Price Index grew at its weakest rate in two years in May, the manufacturing CEOs' survey responses may be a warning of more inflation to come as the US economy enters its second half.  That said, 57% of those respondents claimed they'd raised prices by at least 5% by 2023.

The survey also indicated strong support for US President Joe Biden when respondents were asked to evaluate contenders' industrial plans. When asked if the current federal manufacturing policy has benefited their industry, 78% replied yes.

The survey of 150 US-based executives sought to assess how manufacturers are dealing with rising costs, supply-chain disruptions, and potential recession. 

The CEOs favored Biden in a series of questions regarding which presidential candidate would do the greatest job on issues important to manufacturing. Nearly half (46%) said Biden would do the greatest job of building an atmosphere for small and medium-sized manufacturers to thrive, compared to fewer than one-third (31%).

A similar number (45%) supported Biden's plans for incentivizing reshoring versus Trump's (32%); for reducing inflation (43% Biden to 35% Trump); for establishing trade agreements to boost manufacturing (39% Biden to 35% Trump); and creating and regulating a presidential task force on artificial intelligence (49% Biden to 25% Trump).

Florida Governor Ron DeSantis on the Republican side and Robert F. Kennedy Jr. on the Democratic side garnered lower levels of support on the same issues. 

Related News

US knew fatal Rafah blast cause was not Hamas op., says journalist

US puts informants at risk in deal with El Salvador’s Bukele: WashPo

Respondents disagreed on which party was more likely to revive manufacturing with 41% favoring Democrats and 39% favoring Republicans. 

Regarding Artificial Intelligence, 95% believed AI was a crucial issue for voters and 83% were in favor of an AI presidential task force.

“AI is everywhere and will continue to be," while another stated that “It still cannot be fully trusted," according to one executive.

Since its last poll, there has been a considerable increase in optimism, as prospects for a recession have decreased, according to Forbes. While 63% believe a recession is likely this year more CEOs now feel the Federal Reserve should keep raising interest rates, with 48% now favoring an increase against 38% in our previous poll.

Read more: Two more interest rate hikes required to cool inflation: Fed's Bullard

Almost three-quarters of CEOs said that their sales and earnings exceeded those of the previous year. Three-quarters said they expected to raise employee pay this year, and half said they wanted to hire more people.

When questioned about the recession's possibility, one executive stated that “Disruptions in international trade, geopolitical tensions, or economic instability in major economies can have ripple effects globally."

Another remarked that “Banks are failing, loan rates dropping. Hence, inflation will set in, and the price of things will go up."

The CEOs questioned all work for organizations with at least $10 million in sales, and more than half of them had $100 million or more in revenue.

  • Forbes magazine
  • Joe Biden
  • United States

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025
2K Palestinian detainees freed, defy occupation with mass welcome

2K Palestinian detainees freed, defy occupation with mass welcome

  • Politics
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Russian banks begin accepting Iranian LCs to boost bilateral trade
Economy

Russian banks begin accepting Iranian LCs to boost bilateral trade

IOF admit to the killing of two soldiers in Gaza
Politics

Israeli occupation forces says two soldiers killed in southern Gaza

President Donald Trump attends a lunch with Ukraine's President Volodymyr Zelenskyy in the Cabinet Room of the White House, Friday, Oct. 17, 2025, in Washington. (AP Photo/Alex Brandon)
Politics

Trump: No Gaza troops, no more arms to Ukraine, tariffs on China

Iranian Foreign Minister Abbas Araghchi speaks in a meeting with ambassadors and representatives of foreign countries in Tehran, Iran, Sunday, Oct. 5, 2025. (AP Photo/Vahid Salemi)
Politics

Iran-China-Russia alliance to counter EU snapback move: Tehran

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS