- Published: 28 May 2015 28 May 2015
HOUSTON – A new survey conducted by FMW Fasteners shows its business customers are feeling more optimistic about future business growth in 2015 than in 2014.
Over the last six months, 56 percent of business customers surveyed said that economic conditions had improved for them, but 31 percent stated that the business environment had remained the same. Only 13 percent felt that business conditions had deteriorated in the past six months.
When asked about business conditions over the next six months 65 percent of customers said they believed conditions would improve and 25 percent of customers said they would remain the same. A mere 10 percent of customers believed conditions would deteriorate.
Business confidence is much higher among businesses in the building and construction trade: 59 percent of those said business conditions had improved in the past six months and this increased to 73 percent who believe there will be an improvement in the next six months.
But when self-employed tradesmen were asked, then the number remained at 51 percent for an improvement in business conditions for the past six months and the next six months.
"I think there is a genuine optimism," says Steve Baker, marketing director, FMW Fasteners. "When we talk to our customers about how their business is faring, we're getting more stories of how order books are picking up – particularly as the housing market seems to be seeing an uplift. We're seeing a marked change in DIY purchases too – we're translating this as a signal that people are feeling a bit more settled after a period of financial austerity.
"With the Federal Reserve predicting continued moderate improvement and with GDP expected to grow 2.3 percent - 2.7 percent in 2015, we're expecting a livelier fastener market for the remainder of the year,” Bakers adds. “It's great that they're feeling more positive."
The survey was undertaken between February 24 2015 and March 15 2015 with 183 building and construction businesses choosing to participate.
Full survey results can be found at blog.fmwfasteners.com
FMW Fasteners, founded in 1986, is a premier online provider of anchor products, nuts, bolts, socket products and screws and is based in Houston.
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