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Report: Metal Fabrication Industry Confidence is Up
Dec 31, 2013
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The Fabricators & Manufacturers Association said its third quarter 2013 Forming & Fabricating Job Shop Consumption Report shows predictable strength in future manufacturing activity for this sector, based on planned capital investment.

“Shops do not make capital investments unless there is a solid reason to expect the investment will pay off,” said Dr. Chris Kuehl, economic analyst for the Fabricators & Manufacturers Association. “This report reflects a far more confident look forward than many had expected given all the uncertainty that has surrounded the economy in recent months.”

Projections for business in the coming quarter is positive with more than half of respondents indicating they expect improvement and another 36% expecting business will remain stable. Only 14% expect a decline.

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