Still in the Doldrums
As far as I can see, we might be near the economic lows. Problem is...we seem to be staying right about there. Back in March I kind of felt like there was more quoting activity and I think I was almost optimistic that we were getting into period of greater economic activity. I would not say that things keep going lower...but they do not seem to be going any better yet either. It really seems stagnant out in the fastener world.
June and July are historically pretty slow. That should make the next few months that much more interesting. It seems that government and military business is going pretty well as is business connected to the energy industry. Medical equipment is OK. Automotive and truck related business?? Nothing. Flat as a pancake. The only positive news is if your local plant is not closing. Even then, many plants are on temporary shutdown. So, we keep the doors of our businesses open, we scratch and claw and fight to make sure we are still standing when a recovery finally comes. Cannot imagine we will see anything much until the fall.
June and July are historically pretty slow. That should make the next few months that much more interesting. It seems that government and military business is going pretty well as is business connected to the energy industry. Medical equipment is OK. Automotive and truck related business?? Nothing. Flat as a pancake. The only positive news is if your local plant is not closing. Even then, many plants are on temporary shutdown. So, we keep the doors of our businesses open, we scratch and claw and fight to make sure we are still standing when a recovery finally comes. Cannot imagine we will see anything much until the fall.



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