March 20, 2003: SMACNA Says Man-Hours Remain Stable
SMACNA reports that sheet metal contractor activity declined in 2002, reflecting what has been occurring in the national economy. A third of the chapters anticipate further declines in 2003.
Employment levels, while easing somewhat, remain high, averaging 88 percent.
SMACNA also expects market share to remain unchanged at 47 percent in 2003. Changes in market share from 2001 to 2002 have been small but are trending downward.
The association stated that remaining competitive with the nonunion sector continues as the No. 1 challenge for its contractors in the coming year.
Publication date: 03/17/2003