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Jiangsu Wu Shuai Forging Machinery Co.,Ltd.

Phone: 13906111038

Phone: 13806121038

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    2008, the busy and profitable year of the fastener industry

    Date:2019-05-28 19:50:15 Viewing Count:

    “For the fastener industry, 2008 will be a busy and profitable year, and 2009 will be more challenging.”

    Our basic outlook for 2008 is that the business is rising more moderately. As we enter 2009, we will focus on the continued space of this upward trend. Although recent financial and fiscal stimulus may help the month of gradual decline in 2008, it is not expected to save 2009.

    It is expected that the housing market will continue to recover until the end of 2009. Financial market losses are not fully understood, and this is having a wave of impact on other industries and global markets. In the US and Europe, getting loans has become increasingly difficult and expensive. The unemployment rate is rising, but it is still optimistic from a historical perspective.

    The better side is that the purchasing managers' index rebounded in January. This is a positive signal, meaning that milder growth is ahead. The non-housing sector entered 2008 with historical highs and is expected to achieve even greater growth this year. Exports increased under the weak dollar. The company's stock price continues to rise, which also confirms our outlook for a moderate upward trend in the US economy in 2008.

    For the fastener industry, 2008 will be a busy and profitable year, and 2009 will be more challenging.


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The main products are:Machine screws,Precision Machinery, etc.