Spanish manufacturers expect growth this year

The vast majority of Spanish manufacturers of DIY products expect to close 2023 with year-on-year sales growth. Almost four-fifths of the companies that took part in a survey by the manufacturers' association AFEB expressed this view. Three quarters say they have already increased their turnover by up to 20 per cent this year. Only 28 percent have increased prices, while 63 per cent have kept prices stable. 9 per cent have even lowered the prices of some products. More than three quarters (77 per cent) of the manufacturers surveyed said they would not change their prices this year.