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Springmakers See Bounce

Springmakers See Bounce

Friday, November 5, 2004
 
Nearly 60 percent of spring manufacturers responding to a quarterly survey by the Spring Manufacturers Institute report that their business continues a five-quarter growth pattern. In 3Q 2004, respondents in the Key Business Trends survey are seeing sales gains of 5-10 percent from the previous quarter. “A year ago, we saw a dramatic surge in the third quarter and almost an equally dramatic drop the following quarter,” says Russ Bryer, SMI benchmarking chair and general manager of The Spring Team, an Ohio-based manufacturer. “The gradual gains we are seeing now indicate a healthy growth pattern that is being constructed on a more sound foundation.” While SMI officials have found some evidence of business returning to North America after disappointing returns from Chinese manufacturers, they say that steel shortages continue hampering the domestic component-manufacturing sector

 

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