Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.Indiana’s manufacturing recovery is gaining traction, according to survey results released today.
More than 70 percent of participants in the 2012 Indiana Manufacturing Survey reported plans to invest in their operations.
And 79 percent described their financial performance in 2010-11 as either healthy or stable, a significant improvement from the previous year’s poll, when the combined total was 53 percent.
Remaining companies chose “challenged” to describe their financial states in the surveys: 21 percent in 2010-11 versus 47 percent in 2009-10.
This is the sixth year researchers have conducted the survey in conjunction with faculty from Indiana University’s Kelly School of Business. The report is sponsored by Katz, Sapper & Miller, an Indianapolis accounting firm.
For more on this story, see Friday’s print edition of The Journal Gazette or go to www.journalgazette.net after 3 a.m. Friday.
