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.
Read more by clicking here.
