Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Small and Mid-Size Manufacturers are Optimistic
Aug 25, 2006
 Printable format
 Email this Article
 Search

North American small and medium-size manufacturers are more optimistic than other industry segments, with many owners and managers projecting revenue growth and continued hiring over the next 12 months, according to the results of an International Profit Associates Small Business Research Board (IPA SBRB) survey.

The IPA SBRB Manufacturing Confidence Index was established at 45 for the first IPA SBRB manufacturing industry poll. By contrast, the aggregated IPA SBRB Small Business Confidence Index (SBCI) for all small and medium-size businesses participating in the survey was 39.3, representing a drop from 47.3 for the previous poll concluded in May 2006. The confidence of construction and contracting firms also dropped, to 30.7, from the 49.3 that was registered 3 months ago.

Nearly half of the manufacturers that responded to the poll are forecasting improvement in the economy over the next 12 months, and a full 50 percent expect revenues to increase during this period. Nearly 40% percent expect revenues to remain about the same. This compares to the results of all small businesses, in which only 42 percent believe the economy will improve in the next year and 46 percent expect revenue growth.

Hiring among manufacturers is projected to remain healthy. Only 5 percent intend to decrease the workforce in the next year, 45 plan to remain the same and 38 percent believe they will add employees.

Ranking Manufacturing Obstacles
Four top issues may, however, present serious obstacles to meeting growth projections:

  • finding quality employees - 17% of manufacturing respondents listed this as their most significant issue
  • cost of materials - 16%
  • taxes - 13%
  • economic conditions 12%

    Surprisingly, only 2 percent of manufacturers said energy and fuel were their greatest concern, while 15 percent of the universal group of all small businesses said it was their leading issue.

    Back to Daily News

  •  

    Daily News

    ...........................................................

    Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

    Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

    Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

    Oct 30, 2014: Consumer Confidence Index rebounds in October

    Oct 29, 2014: New home sales up slightly in September 2014

    More Daily News>>

    RSS Feeds
    .........................................................
    Appliance Industry
    Market Research

    ...........................................................

    October 2014: Portrait of the European Appliance Industry
    September 2014: Appliance Industry Focus: HVAC
    June 2014: Appliance Magazine Market Insight: April 2014
    May 2014: Appliance Magazine Market Insight: March 2014




     
    Contact Us | About Us | Subscriptions | Advertising | Home
    UBM Canon © 2014  

    Please visit these other UBM Canon sites

    UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows