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Follow on Google News | Xometry Manufacturing Partners Optimistic about Growth in Q4 2019Despite recent market data indicating a manufacturing slowdown, Xometry Partners are optimistic about growth in Q4
By: Xometry The Small Manufacturing Index is a quarterly report that takes the pulse of small and mid-sized manufacturing businesses. Manufacturers surveyed included internal respondents, those in Xometry's Partner Network (https://www.xometry.com/ The survey concluded that 57% of Xometry Manufacturing Partners anticipate growth in Q4 2019, down from 67% in Q1. Even with a decline, more of Xometry Partners anticipate growth than manufacturers who are not Xometry Partners (47%). The survey also established that 64% of Xometry's Partners anticipate year-over-year growth, down from 70% in Q1, whereas 50% of external respondents anticipate YOY growth. "We're pleased to see that Xometry Manufacturing Partners are more confident in their 2019 growth than the broader market," said Xometry Co-founder and Chief Financial Officer Laurence Zuriff. The ability to find skilled employees remains a concern for Manufacturers. 57% of Xometry Partners noted the difficulty in finding skilled employees to hire in Q4. Finding skilled employees has been a concern all year; in Q1's Small Manufacturing Index Report (https://www.xometry.com/ 50% of respondents surveyed indicate that the cost of materials is impacting their business this quarter. Xometry Partners have access to Xometry's latest venture, Xometry Supplies (https://www.xometry.com/ About Xometry Xometry (https://c212.net/ About the Small Manufacturing Index The Small Manufacturing Index (https://www.xometry.com/ End
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