Over the last five years to 2013, the Screw, Nut and Bolt Manufacturing industry has contended with slowed productivity, rising demand for imports and increasing price competition. However, the continued recovery of key manufacturing industries from the latter part of the past five years is expected to foster revenue growth of 2.3% in 2013. Additionally, this surge in production will help profit margins rise, says IBISWorld industry analyst Antonio Danova. Still, this recent uptick was not enough to return revenue back toward growth. As a result, industry revenue is expected to decline at an annualized rate of 0.9% to $26.5 billion. (…)
