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Majority Raise Fastener Prices
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2013-04-29
More than half of fastener businesses — 51% — successfully raised prices in 2012, according to the FIN Survey. Price increases ranged from 2% to 20%, with an average increase of 5.5%.
Just under 12% of respondents achieved price hikes above 7%, while 37% reported flat pricing. But 12% of FIN Survey participants reported price reductions, double the rate of the 6% of businesses cutting prices in 2011. Price cuts in 2012 ranged from 2% to 25% and averaged 7.9%.
Just under 12% of respondents achieved price hikes above 7%, while 37% reported flat pricing. But 12% of FIN Survey participants reported price reductions, double the rate of the 6% of businesses cutting prices in 2011. Price cuts in 2012 ranged from 2% to 25% and averaged 7.9%.
