Xometry Small Manufacturing Index // Q4 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...

38% of small manufacturers surveyed indicated that they have hired more employees since this time last year, up 6% from last quarter.

Donut chart illustrating overall hiring statistics: 38% hired more, 51% maintained same, and 11% decreased number

...and plan to continue doing so

43% of small manufacturers surveyed expect to hire more employees in the coming year.

Pictographic bar chart using illustrations of people to represent the above 43% statistic

Xometry Partners predict even more hires

48% of Xometry Manufacturing Partners surveyed expect an increase in hiring versus 38% of external respondents.

Pictorial column chart comparing external respondents to Xometry Partners: 38% of external respondents vs 48% of Xometry Partners will hire more, 54% of external respondents vs 50% of Xometry Partners will maintain same, and 8% of external respondents vs 2% of Xometry Partners will decrease the number of employees

...and their business confidence is up

33% of Xometry Manufacturing Partners surveyed expect a strong increase in business versus 23% of external respondents.

External Respondents

23%
Strong Increase

Pie chart slice illustrating Strong Increase: 23%

34%
Mild Increase

Pie chart slice illustrating Mild Increase: 34%

25%
Same

Pie chart slice illustrating Same: 25%

11%
Mild Decline

Pie chart slice illustrating Mild Decline: 11%

8%
Strong Decline

Pie chart slice illustrating Strong Decline: 8%
Xometry Partners
Pie chart slice illustrating Strong Increase: 33%

33%
Strong Increase

Pie chart slice illustrating Mild Increase: 31%

31%
Mild Increase

Pie chart slice illustrating Same: 23%

23%
Same

Pie chart slice illustrating Mild Decline: 8%

8%
Mild Decline

Pie chart slice illustrating Strong Decline: 8%

8%
Strong Decline