U.S. Bancorp survey finds 78% of industrial, manufacturing finance leaders expect M&A activity to rise
USB•U.S. Bancorp’s 2026 CFO survey found that 78% of industrial products and manufacturing finance leaders expect sector M&A activity to rise. In those sectors, 66% said their businesses were more likely to make acquisitions over the next 12 months, while 34% of public-company finance leaders expect to raise equity capital.
1. Survey findings
U.S. Bancorp’s 2026 CFO survey found that 78% of industrial products and manufacturing finance leaders expect M&A activity in their sectors to rise. Among finance leaders in those sectors, 66% said their businesses were more likely to make acquisitions over the next 12 months than a year earlier. Separately, 34% of public-company finance leaders expect their businesses to raise equity capital over the next year.
