1/26/2010
NEWS BRIEFS
FIN Survey: Will Fastener Prices Rise in 2010?
FINdex Fastener Sales
Nearly six in 10 fastener companies reported stable prices in 2009, while 19.5% said prices fell an average of 14% during the year.
Just over 20% of FIN Survey respondents achieved price increases last year, with the average increase reaching 9.4%. Those results starkly contrast with figures from 2008, when more than 85% of fastener companies raised prices at an average rate of 13%.
More than 60% of fastener companies intend to keep prices at current levels during the first six months of 2010, while 34% plan prices increases at an average rate of 8.6%.
Watch for the complete results for the End of 2009 FIN Survey in the next issue of FIN. ©2010 GlobalFastenerNews.com
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• FIN Survey: Which Companies Did Better in Recession?
• 2009 FINdex Shows Fastener Stocks Recover Most of 2008 Losses
• FIN Company Performance Index Drops to New Low for 2009
• FIN Survey: Will Fastener Companies Increase Wages in 2010?
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