FIN Survey: 75% Raise Prices in 2007, 90% of Importers Anticipate Price Increases in Next 6 Months
January 09
00:00
2008
FIN Survey: 75% Raise Prices in 2007, 90% of Importers Anticipate Price Increases in Next 6 Months
John Wolz
More than three quarters of the industry raised prices during 2007 according to preliminary results from the End of 2007 FIN Survey of the Fastener Industry.
A total of 75.2% of fastener companies reported raising prices during 2007, 16.8% held prices the same and only 2.7% lowered prices.
An even higher percentage of distributors raised prices (80.4%), compared with 77.5% of manufacturers and 69.2% of importers.
In the next six months 92.3% of importers anticipate raising prices, as do 73.9% of distributors and 70% of manufacturers.
The full results of the 29th annual FIN Survey will be published later this month. �2008 FastenerNews.com
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