U.S. Manufacturers Raising 2012 Forecasts

Many U.S. manufacturers have raised their 2012 forecasts based on stronger than estimated sales and a continued demand for products.

Based on strong first quarter 2012 sales, many U.S. manufacturers have raised their forecasts for the year. Companies like Parker Hannifin Corp. have posted sales results higher than estimates made by Wall Street, signifying a raise in forecasts.

While many companies have risen their forecasts due to stronger than expected sales and continued demand from products, there is still some hesitation by analysts as to how long the uptick will last. Concerns over China's economic downturn has caused some concern for continued growth.

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