Wholesale distribution outshines US economy
Sep 8, 2003 12:00 PM, from staff and wire reportsUnited States wholesale distribution companies have a bright economic outlook, according to a new report by Pembroke Consulting and Economy.com for the National Association of Wholesaler-Distributors (NAW) titled NAW 2004 Economic Forecast.
In 2004, overall revenues for US wholesaler-distributors across 18 industries are forecast to rise 5.6%, outpacing next year's projected GDP growth of 3.8%. Employment in wholesale distribution is slated to rise 1.4%, slightly ahead of the projected national average employment growth of 1.2%.
"Over the last 10 years, the wholesale distribution industry has accounted for one-quarter of the total productivity improvements in the US economy," said Adam J Fein, president of Pembroke Consulting. "Our new report shows further productivity gains ahead for the industry and the US economy as a whole."
According to the report, wholesaler-distributors in the Southeast, Midwest, and Mountain states will see the strongest revenue growth. To order the NAW forecast, visit www.nawpubs.org or phone 202-872-0885.