Categorized | JAX Briefs

Local manufacturers foresee positive outlook

An annual sales and employment survey conducted by the First Coast Manufacturers Association (FCMA)FCMA logosmall forecasts a moderately positive outlook for the second half of 2010.

FCMA surveyed its 300-plus membership, consisting of manufacturers and associate members. The response rate was 20%. The survey consisted of five questions, three inquiring about past and projected sales and two concerning past and projected employment.

More than 59% of the respondents reported that sales revenue decreased between July 1, 2009, and December 31, 2009, compared to the same time period in 2008. However, more than 67% believe sales revenues will increase between July 1, 2010, and December 31, 2010 over the same period in 2009.

Concerning employment, companies experienced considerable layoffs and employment and benefits freezes during the second half of 2009, compared to the second half of 2008. For 2010, although 57% of the responding companies expect no change in employment numbers, 31% expect to add employees. 

FCMA is a nonprofit trade association serving Northeast Florida. There are over 1,500 manufacturing companies on the First Coast, supplying over 45,000 jobs and generating nearly 15% of the total gross regional product.

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