Michael A. Dunlap & Associates, LLC unveils the results of its most recent quarterly MADA / OFI Trends Survey. The July 2011 Overall Survey Index is 55.57 compared to 55.38 recorded in April 2011.
“Although this represents a slight increase, it is very modest. The steady index indicates that the industry is still on solid ground and on a positive track.” Mike Dunlap commented.
Gross shipments measured 64.08, well above the 29 survey averages of 57.62 and order backlog recorded 62.77, significantly above the 29 survey average of 56.81. The employment index improved to 55.00 and is well above the 29 survey averages of 51.50. Hours worked also improved to 56.59 and is also above the 29 Survey Averages of 55.54. The Capital Expenditures dropped to 54.78 and Tooling Expenditures slipped to 55.78 compared to their 29 Survey Averages of 55.22 and 55.75.
“The strong gross sales and order backlog index values are very encouraging, as these typically drive positive improvements among at least six of the other indexes," Dunlap says. "I am also pleased to see the strong employment and hours worked index values. “I am pleasantly surprised to see the raw material cost and employee cost index values. Although in the 40’s, they are much better than I had anticipated.
“The decreases in capital expenditures, tooling expenditures, new product development, and personal outlook are not alarming, as each is still in positive territory. The majority of respondents continue to cite increased material costs, energy costs, and increased health care costs as the “largest cost threats to the industry."
For further information, contact: Mike Dunlap, 616-786-3524, e-mail: email@example.com, www.mdunlap-associates.com.
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