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John Shalam, the company's chairman and chief executive, said that performance was affected by the economic slowdown, manufacturing overcapacity and competition's pressure on prices.
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The overall improvement contrasted with other recent reports that had pointed to a slowdown in manufacturing.
"Recession in Europe is bringing a slowdown in manufacturing meaning less production and less emissions.
However, he said that he expected a slowdown in manufacturing output growth for the remainder of the year.
All this is true and reflected in slumping consumer confidence, heightened business uncertainty and a recent slowdown in manufacturing.
The report blamed the slowdown in manufacturing largely on the financial situation of Germany and Italy, which together accounted for almost two-thirds of global installations in 2010.
The pound fell sharply against both the euro and the dollar on Friday after disappointing survey data suggested a slowdown in manufacturing output.
Beijing, which suffered an even bigger slowdown in manufacturing output, began doing things like dumping cheap steel on global markets – with dramatic effects in Britain, for one.
Stocks have fallen since late April because of concerns that the United States economy is stalling from a combination of high gas prices, weaker-than-expected hiring and a slowdown in manufacturing.
The plunge of consumer confidence to a nine-year low in October, the loss of 5,000 jobs last month and a further slowdown in manufacturing all dimmed the economic outlook.
There were positive readings for the British economy from closely watched surveys of business activity, pointing towards stronger growth from the services sector despite a slowdown in manufacturing output.
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CEO of Professional Science Editing for Scientists @ prosciediting.com