Newsletter Masthead
November 2013

Regional Manufacturing Survey Findings

Manufacturing employs more than 600,000 workers in Ohio and accounts for about 17% of Ohio’s economy.  A regional manufacturing survey was conducted by Clark, Schaefer & Hackett CPAs to about 3000 manufacturers and below were the findings.
  • 50% of manufacturers report business “health” is improving vs 43% in 2012
  • Only 8% of manufacturers said business “health” is declining
  • However 42% of manufacturers reported revenue growth in 2013 vs. 81% in 2012

Generally companies with more revenue were more likely to report improving business health


Manufacturing Revenue Growth 2013

  • Companies that reported revenue growth:
    • Greater Than 16% Growth – 21%
    • Between 11-15.9% Growth – 28%
    • Less Than 11% Growth – 51%


  • Top Three Concerns of Manufacturers Across all revenue ranges:
    • Shortage of Skilled Workforce
    • Customers’ resistance to higher prices
    • Rising health care costs
Competitive Advantage: Quality, Customization and Innovation remain the top three (3) factors that contribute to Ohio’s manufacturers competitive advantage
Investment: 58% plan to invest in Information Technology, 68% plan to invest in Production Equipment and 37% plan to invest in their plant or facilities
Simply put, we all “feel” that manufacturing in the United States is improving to the point we are feeling more comfortable investing in equipment and information technology, but there are still a number of concerns keeping us up at night.

Let me know your feedback if this survey mimics what you are seeing in your business.

Ben Moore
Agent Technologies, Inc.

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(Download Report Findings)

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Regional Manufacturing Survey Findings

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Manufacturing Statistics November 2013


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Manufacturing Statistics 
1) Industrial production increased 0.4% in August 2013.  Manufacturing production increased 0.7% in August 2013. Source: Federal Reserve Board

2) Nonfarm payroll employment increased by 169,000 in August 2013.  Manufacturing employment increased by 19,000.  Unemployment rate remained at 7.3% nationally. Source: Bureau of Labor Statistics
3) Manufacturing Trade Deficit increased to $39.1 billion in July 2013 on exports of $189.4 billion and imports of $228.6 billion.  Sources: Census Bureau, Bureau of Economic Analysis
4) New orders for durable manufactured goods in July 2013 decreased $18.1 billion or 7.4% to 226.3 billion.  Source: Census Bureau
5) Inventories of manufactured durable goods in July 2013 increased $1.3 billion or 0.3% to $378.9 billion.  Source: Census Bureau

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Phone:  513-942-9444
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Founded in 1995, Agent Technologies, Inc. provides software application development, factory automation and operation consulting. Try xRP - Our Online CRM/ERP Solution (  FREE 30 Day Trial!


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