Magazine article Business Credit

Good Word from the 'Job Shops'

Magazine article Business Credit

Good Word from the 'Job Shops'

Article excerpt

The Fabricators and Manufacturers Association is one of the very few that have the ability to look at the economics of the small company--the "job shop." Each quarter, it releases the results of the Forming and Fabricating Job Shop Consumption Report (FFJSCR), which became pretty upbeat through late April though this is not to say that there is cause for wild dancing in the streets. Everything is relative, after all.

Manufacturing had started to fall on hard times towards the end of last year, but that was mostly in response to the trials and tribulations of the energy sector. Since that point, there has been some evidence of stability and even improvement. The big indicators like capacity utilization, durable goods orders, the Purchasing Managers' Index and industrial production have been tracking in a positive direction since the middle of the first quarter. Sure enough, that same stability is starting to show up in the FFJSCR, which makes sense given the position job shops have in the great scheme of things. It is somewhat unrealistic for these sized companies to move any faster than the companies and sectors into which they sell.

The overall rate of capacity utilization (67.7) in April remained a little lower than the overall national average, but it has been gradually improving. …

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