As economic uncertainty continues in Europe and economies in Asia start to slow, many fastener companies are finding relatively strong demand in North America.
This trend is demonstrated by recent sales and earnings releases.
While Bossard Group’s overall sales fell by 0.4% to CHF 251.4 in the opening six months of 2012, sales in the U.S. gained 13.2% — including a 22% jump in the second quarter — at a time when European sales fell 5% and Asian sales declined 5.5%.
“Whereas America reported double-digit sales growth, customer demand in Europe and Asia was in line with the declining Purchasing Managers Indices,” the company stated. (…)
