The latest NASF “Business Barometer” survey points to optimism from member suppliers and job shops in the first quarter of 2017. Click here to see detailed results for suppliers and here for job shop results, including outlook by geographic region.
For Job Shops, business conditions are favorable and expected to tick up further in the next six months. In light of broader confidence in key sectors and the expectation of pro-business policies from Washington, including less regulation, confidence in the industry tracks trends other business surveys, including the NFIB “Optimism Index” – where first quarter optimism reached a historic high.
Job Shop owners said the biggest challenge this year will be finding qualified employees as the labor market continues to tighten. The Job Shop survey just kicked off this quarter, following the success of the NASF Supplier Business Barometer. See the summary here.
For Suppliers, business conditions in North America are the most favorable since the survey launched in 2015, with nearly 49 percent of suppliers reporting conditions are “good” and nearly 9 percent reporting “excellent.” See the summary here.
Thanks again to all members participating in the survey. Be sure to take one minute and complete the next survey in the second quarter. Your contributions help create a more accurate picture of current and emerging business conditions for the industry.
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