POTOMAC FALLS, Va. -- Overall business sentiment among the Architectural Woodwork Institute's manufacturing members that make architectural woodwork about the next six months is high (73 percent), according to respondents to AWI's 2017 Cost of Doing Business Survey and Compensation Study (CODBS).
The survey was recently completed in electronic format by the Architectural Woodwork Institute.
The CODBS results suggest an improving business environment among architectural woodwork business owners. Another positive sign revealed by the CODBS is that the sales pipeline sentiment for the next six months is higher than the last six months. Business sentiment is affected by business condition, sales pipeline, cash flow and labor quality.
Capital investments are up in the last 12 months. Fifty percent of high profit firms invested $100,000 or more in the last 12 months compared with 52 percent of respondents overall who invested more than $100,000 in the last 12 months.
The investment outlook for the next 12 month period revealed that 30 percent of high profit firms plan on investing $100,000 or more in the next year, which is up from 2016. And, nearly forty percent of respondents plan on increasing their workforce by 10% or more in the next 12 months.
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; $995 for all others. See www.awinet.org for more details.