Spring and Wire Product Manufacturers NAICS 3326

Nov 18, 2025 - Furniture Tariffs

• Tariffs imposed by the Trump administration on imported furniture in October, with more to come in January, are reducing the competitiveness of foreign-made furniture, DataTrack reports. Affected categories include chairs, sofas, and ottomans with wooden frames. As import costs rise, US-made furniture could gain market share, generating greater demand for domestically produced components, including mattress springs, recliner mechanisms, or metal bed frames. Some US furniture makers are increasing local sourcing of components, including springs, to insulate themselves from tariff risks, according to Furniture Today. The shift toward more local sourcing could lead to incremental orders for US spring manufacturers. However, tariffs have a downside for the industry. Levies on steel and aluminum (50% in some cases) affect raw materials used by metal-based spring manufacturers, potentially eroding any margin gains from increased demand.
• US factory activity shrank in October for an eighth straight month, driven by a pullback in production and tepid demand, The Wall Street Journal reported in November citing the latest data from the Institute for Supply Management (ISM). In October, ISM’s Purchasing Managers’ Index (PMI) fell to 48.7 from 49.1 in September (a reading under 50 indicated contraction), with production, new orders, and employment all contracting, reversing short-lived gains seen in previous months. Six manufacturing industries reported growth in October with Primary Metals, Food, Beverage & Tobacco Products, and Transportation Equipment topping the list. A dozen industries reported contraction for the month including Textile Mills, Apparel, Leather & Allied Products, Furniture & Related Products, and Machinery. WSJ noted that tariffs and their impact on prices and demand featured highly in respondents’ answers to ISM’s survey.

• The US Small Business Administration has launched what it calls its first-ever loan program dedicated to supporting America’s small manufacturers by providing additional credit for working capital needs. Effective on Oct. 1, the Manufacturer’s Access to Revolving Credit (MARC) Loan Program provides a maximum of $5 million to borrowers engaged in manufacturing (NAICS 31-33), according to the agency. The money must be used for working capital needs, such as inventory purchases or new projects. MARC capital can be structured as a term loan for up to 10 years or a revolving line of credit for up to 20 years and the loan can be used in combination with other SBA and conventional commercial loans. The MARC loan program is part of the Trump administration’s larger effort to strengthen US manufacturing.
• Producer prices for spring and wire product manufacturers rose 1.2% in August compared to a year ago after climbing 7.3% in the previous August-versus-August annual comparison, according to the latest US Bureau of Labor Statistics data. The industry producer price is at a record high amid increases in input costs, including metals and labor. In August, the average wage at fabricated metal manufacturers rose 3.9% year over year to a new high of $27.46 per hour, BLS data show. Employment by hardware, spring, and wire product manufacturers continued to trend in the opposite direction, down 4% YoY in July.