Auto suppliers remain moderately bullish

Jul 30, 2013 | 05:48 PM | Corinna Petry

Tags  automotive suppliers, sentiment index, Original Equiipment Suppliers, OESA, survey, market sentiment, Dave Andrea, expenditures budget priorities

CHICAGO — Automotive suppliers’ confidence dipped slightly in July compared with May, according to the latest survey of members of the Original Equipment Suppliers Association (OESA). The index dropped to 60 from 62 two months earlier.

Some of those surveyed indicated growth may be stymied by an inability to hire qualified personnel fast enough to keep up with new orders and new program launches.

Top budgetary priorities are purchasing capital equipment and hiring direct hourly-salary and temporary-contract employees. Footprint expansion is not considered a key action. As one survey respondent noted: "We already have the footprint, now we need people." ....

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