POTOMAC FALLS, Va. - According to the Architectural Woodwork Institute's (AWI) 2017 Cost of Doing Business Survey and Compensation Study (CODBS), overall business sentiment among the Architectural Woodwork Institute's manufacturing members about the next six months is at 73 percent, higher than the last six months.
Business sentiment is affected by business condition, sales pipeline, cash flow, and labor quality; the results of CODBS suggest an improving business environment among architectural woodwork business owners.
The survey was conducted by Inverra Consulting, Inc. All business trends and other data are as of May 26, 2017 while all income statement data and balance sheet data submitted is of the end of the respondent's most recent fiscal year (generally Dec. 31, 2016).
Capital investments are up in the last 12 months with 50 percent of high profit firms investing $100,000 or more compared with 52 percent of respondents overall who invested more than $100,000. The investment outlook for the next 12 month period revealed that 30 percent of high profit firms plan on investing $100,000 or more, which is up from 2016, and nearly 40 percent of respondents plan on increasing their workforce by 10 percent or more.
The 2017 AWI CODBS report is a member only benefit to all participating AWI manufacturing members, while non-participating AWI manufacturing members receive a complimentary executive summary. Single copy prices are $495 for non-participating AWI manufacturing members and $995 for all others.
Founded in 1953, the Architectural Woodwork Institute is a nonprofit trade association representing nearly 4000 members consisting of architectural woodworkers, suppliers, design professionals, and students from around the world.
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