Overall business sentiment among the Architectural Woodwork Institute's manufacturing members about the next six months is high (73 percent), according to respondents from the AWI's 2017 Cost of Doing Business Survey and Compensation Study.
The results suggest an improving business environment among architectural woodwork business owners, according to the AWI.
“Capital investments are up in the last 12 months. Fifty percent of high profit firms invested $100,000 or more in the last 12 months compared with 52 percent of respondents overall who invested more than $100,000 in the last 12 months. And, the investment outlook for the next 12-month period revealed that 30 percent of high profit firms plan on investing $100,000 or more in the next year, which is up from 2016. And, nearly 40 percent of respondents plan on increasing their workforce by 10 percent or more in the next 12 months,” the AWI said in a statement.
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