American industrial companies are preparing for a possible slide back into recession with plans to make job cuts and other cost savings, even though they have yet to see any slackening of demand due to recent financial and political turmoil in the US.
Some manufacturers, including mining and agricultural equipment companies, are still projecting strong growth. Others say sales orders and sales are holding up.
However, in the past few days several companies have said they are keeping a particularly close watch on demand and have identified savings that could be made if demand falls.
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