CEMA's general business climate index rose to a reading of 36 in February from a reading of 30 in January. The report said that, "A slowdown in demand is not in sight in the short term and in addition to a strong demand side, now, finally, considerable easing is arriving on the supplier side."
Respondents reported an average production time of 6.9 months, an all-time high in the 16 years the survey has been conducted.
45% of respondents to the climax index survey considered their current business good or very good. Some 48% expected revenue to increase over the next 6 months. The majority (68%) said they plan to keep their current employee levels unchanged, while 25% plan to increase their workforce.
Click here for more Industry News.