Defense Industry Business Confidence Report- H1 2017
Defense Industry Business Confidence Report- H1 2017
“ The Defense Industry Business Confidence” examines executives’ opinion about the business environment during H1 2017. It also highlights existing economic conditions, supplier price variations, sales performance, industry and company growth outlook, spending patterns, and key priorities. Additionally, the report provides information categorized by region.
The existing economic environment is stable for the defense industry, and customer confidence levels will remain positive during H1 2017. Survey results reveal that executives who operate in North America and Asia-Pacific project a more favorable opinion about economic prospects in the region for H1 2017. Increase in consumer spending, expected change in regulatory reforms due to political stability, targeted economic stimulus projects, and post-election tax reforms are expected to drive the growth of the defense industry in the US. The defense industry is expected to record higher expenditure towards new product development, and research and analysis in H1 2017. Moreover, executives who operate in North America highlighted a focus on improving operational efficiency over the next six months.
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