Majority of Spanish manufacturers expect sales growth in 2022

The current situation of Spanish manufacturers of hardware and do-it-yourself products is not entirely clear. Only just over half (51 per cent) of 38 companies that took part in a survey by their association AFEB say they have increased their sales so far this year compared to last year. However, 61 per cent expect to end 2022 with an increase in turnover. Sixty-five per cent report lower margins.

For most, the situation remains difficult in that 60 per cent continue to suffer from an insufficient inventory. More than a third (36 per cent) want to raise prices this year – most (62 per cent) because they say they would otherwise make losses.