2014 Brings Solid Returns for Fastener Companies
Just under seven in ten businesses reported “moderate” to “strong” sales growth in 2014, down from the 70% that achieved revenue growth in 2013.
Tuesday, January 27, 2015
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February 2, 2015 02:01
– Business Performance Rises For Most
For the second year in a row, three out of four fastener companies reported business performance gains.
Tuesday, January 27, 2015
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– Manufacturers Report Steel Prices Flat
Fastener manufacturers reported operating at a range from 40% of capacity to 98% in 2014, with an average of 70.5%.
Tuesday, January 27, 2015
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– Distributors Report Sourcing Problems
About 31% reported moderate difficulty obtaining certain fasteners in 2014 — more than double last year’s rate of 14% — while 7% of distributors had significant difficulty.
Tuesday, January 27, 2015
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– Fastener Price Gains Increase
Downward pricing pressure practically disappeared in 2014.
Tuesday, January 27, 2015
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– Fastener Job Growth Quickens in 2014
After hovering near 50% for two years, 61% of fastener companies added jobs in 2014.
Tuesday, January 27, 2015
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– Congress, White House Grades Differ
The fastener industry expressed low confidence in the White House on business issues, but even lower in the incoming U.S. Congress.
Tuesday, January 27, 2015
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Confidence is up from the end of 2013 when “Very High” and “High” totaled 32%, compared with 48% this year.
Tuesday, January 27, 2015
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– Beyond The Statistics
Here is a sampling of comments from End of 2014 FIN Survey participants.
Tuesday, January 27, 2015
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– Participants
The End of 2014 FIN Survey was conducted online at GlobalFastenerNews.com and through a print questionnaire distributed in FIN during December 2014.
Tuesday, January 27, 2015
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