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April 12-15, 2016
Woodworking Industry Conference (WIC)
CasaMagna Marriott Cancun Resort
National Association of Manufacturers Monday Economic Report: August 24, 2015
The Dow Jones Industrial Average reached an all-time high at 18312.39 on May 19. Since peaking three months ago, the stock market has fallen nearly 10 percent, closing at 16549.75 on August 21, and is poised for more losses today. Read more ...
Manufacturers' Outlook Survey - Second Quarter 2015
The results indicate the manufacturing economy is growing, but at a much slower pace than the more robust levels experienced just a few months ago. The results also serve as an indicator of continued economic and political headwinds that manufacturers face. Find out more about the numbers and what they mean by visiting the survey's new landing page.
Stocks of U.S. furniture makers are now back on the rise after a dip in late August brought on by the Chinese stock crises, which has roiled global financial markets over the past month.
Overall wood furniture manufacturers appear to be somewhat of a safe haven for investors for the time being. Although the situation is highly fluid, companies that import furniture and furniture components from China could see some benefit as the U.S. dollar continues to strengthen against the Chinese yuan, making the costs of importing goods much cheaper for them.
But in the long-term diminishing consumer demand from China's domestic market could impact U.S. exports and a continuing slowdown in the Chinese economy could affect the overall confidence of U.S. consumers as well, according to some economic analysts.
China's market crash seemed to take investors by surprise, however, analysts have noted that there were warning signs in the U.S. prior to the stock market collapse primarily with the slowdown at West Coast ports. Although that situation was initially caused by logistics and labor issues, shipping never returned to its normal rate after the problems were resolved. Jock O'Connell, a trade advisor, told the Wall Street Journal, "The number of containers coming from China was continuing to grow, but beginning in 2013, fewer loads were being sent in the other direction."
Furniture maker stock prices as of Mon. morning, August 31:
|Masco||$26.43 (up 0.76% over 5 days)|
|Herman Miller||$27.27 (up 1.15% over 5 days)|
|HNI||$46.62 (up 1.35% over 5 days)|
|Steelcase||$17.64 (up 0.94% over 5 days)|
|Ethan Allen||$29.67 (up 0.58% over 5 days)|
|Bassett Furniture||$29.22 (up 0.86% over 5 days)|
|Dorel||$35.30 (up 3.46% over 5 days)|
|La-Z-Boy||$27.80 (up 0.98% over 5 days)|
Source: Google Finance - Yahoo Finance - MSN Money
Matt Krig was re-elected president of the Cabinet Makers Association, which will return its full slate of officers through 2016.
Colt Tools and Riss Tools, manufacturers of boring bits and other woodworking accessories, were established as a U.S. corporation in June and now offer several new and unique patented products.
The Wood Machinery Manufacturers of America (WMMA) has announced the winner of its Ralph B. Baldwin Award, the association's highest honor. The award was presented to John Schultz, past president of the Association. Announcement of the award was made at the Woodworking Industry Conference (WIC), which took place at the Grand Hyatt San Antonio in San Antonio, Texas. Full information is available here.
IWF: And the Final Numbers Are...
The final numbers for IWF 2014 are in, and they're nothing short of phenomenal. The total at-show attendance (all days) was 23,463, which broke down as follows:
Verified: Advance-Registered: 7,422
Verified: On-site Registered (includes press, speakers, students): 6,915
Total Verified Buyers: 14,400
Exhibiting Personnel: 9,063
Mark your calendar for the next IWF, August 24-27, 2016, and get ready for your own impressive numbers.
Hear what current WMMA members are saying about the valuable benefits and the many rewards of WMMA membership.
A revision of the ANSI standard O1.1-1, entitled 01.1-1 (2015) Safety Requirements for Fixed Angle Jump Saws, has been published is available for purchase through the ANSI e-standard store. WMMA Members are entitled to receive one complimentary copy of the standard per company upon request. Click here if you are interested in receiving a copy of the standard.
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May 5, 2015
WMMA Offers Industry Resources at LIGNA
April 27, 2015
WMMA Announces New Board of Directors
April 23, 2015
WMMA Past President, John Schultz, Wins Baldwin Award
December 4, 2014
Registration Open for WIC 2015
October 24, 2014
WMMA Celebrates U.S. World Standards Day
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