Xometry Small Manufacturing Index // Q1 2018

Over 75% of all manufacturing firms in the United States have fewer than 20 employees. The Xometry Small Manufacturing Index (SMI) highlights the outlook of these 190,000+ small businesses on a regular basis.

Small manufacturers are hiring more...

28% of small manufacturers surveyed indicated that they have hired more employees since 2017.

Donut chart illustrating overall hiring statistics: 28% hired more, 65% maintained same, and 7% decreased number

...and plan to continue in 2018

4 in 10 small manufacturers surveyed expect to hire more employees in the coming year.

Pictographic bar chart using illustrations of factories to represent the above 4 in 10 statistic

Xometry Partners predict even more hires

Over 47% of Xometry Manufacturing Partners surveyed expect an increase in hiring versus 30% of external respondents.

Pictorial column chart comparing external respondents to Xometry Partners: 30% of external respondents vs 47% of Xometry Partners will hire more, 61% of external respondents vs 50% of Xometry Partners will maintain same, and 9% of external respondents vs 3% of Xometry Partners will decrease the number of employees

Business confidence is up overall...

25% of small manufacturers surveyed said that their business would strongly increase this month vs. the same month last year, up from 21% one year ago.

Q1 2017 (source)

Stacked bar chart illustrating Q1 2017 statistics: 21% strong increase, 40% mild increase, 23% same, 11% mild decline, 5% strong decline

Q1 2018

stacked bar chart illustrating Q1 2018 statistics: 25% strong increase, 35% mild increase, 27% same, 9% mild decline, 5% strong decline

...particularly among Xometry Partners

34% of Xometry Manufacturing Partners surveyed expect a strong increase in business versus 14% of external respondents.

External Respondents

14%
Strong Increase

Pie chart slice illustrating Strong Increase: 14%

38%
Mild Increase

Pie chart slice illustrating Mild Increase: 38%

33%
Same

Pie chart slice illustrating Same: 33%

10%
Mild Decline

Pie chart slice illustrating Mild Decline: 10%

5%
Strong Decrease

Pie chart slice illustrating Strong Decrease: 5%
Xometry Partners
Pie chart slice illustrating Strong Increase: 34%

34%
Strong Increase

Pie chart slice illustrating Mild Increase: 32%

32%
Mild Increase

Pie chart slice illustrating Same: 23%

23%
Same

Pie chart slice illustrating Mild Decline: 7%

7%
Mild Decline

Pie chart slice illustrating Strong Decrease: 4%

4%
Strong Decrease