As this is being written, I am waiting out the end of a particularly nasty, late winter northeaster that has dumped a foot of heavy, wet snow on the region. It's sort of Mother Nature's last slap at us before the start of Spring next week. I won't bore you with details, but the Winter of 2012/2013 will be close to the top in snowfall records.
Speaking of records, the last of the 4QCY12 reports are in, and reviewing the results for industrial laser industry leaders, such as Coherent, IPG Photonics and Rofin, I do not see any compelling reason to make a significant change in the ILS 2012 Annual Report already published and delivered at the recent Marketplace for Lasers & Photonics seminar in San Francisco. I'll possibly tweak the detail numbers, such as those for lasers used for specific applications, but the changes will be minimal and will not upset the trend lines.
The early assessments for the global manufacturing economy are rolling in and have not changed from those I used to make the ILS 2013 forecast. The mix of good/bad news is about what analysts expected, and I anticipate that my numbers might inch up a bit, but remain in the mid-single digit area. I'll have a better idea come my mid-year Market Report, which again this year will be in the form of an ILS Webcast scheduled for June.