MFG.com has reported the latest MFGWatch survey results for the 4th quarter and they are both interesting and heartening in some areas. The survey represents a cross section of industries including consumer products, machinery tools & equipment, textiles, aerospace, automotive, medical, and defense. Here’s a quick view of the highlights:
- 53% of respondents reported growth in company sales with only 18% reporting a decline.
- 26% increased their staff, 57% stayed the same (but purchased more technology), and 14% reported a decrease in staff.
- 22% returned production into or closer to North America from a low-cost country while 69% did not