HVAC Breaking News

Sept. 10, 2003: Distribution To Grow Faster Than U.S. Economy

PHILADELPHIA — U.S. wholesale distribution companies have a bright economic outlook for 2004, according to a new report by Pembroke Consulting and Economy.com prepared for the National Association of Wholesaler-Distributors (NAW) titled NAW 2004 Economic Forecast.

In 2004, overall revenues for wholesaler-distributors across 18 industries are forecast to rise 5.6 percent, outpacing next year's projected U.S. gross domestic product (GDP) growth of 3.8 percent. Employment in wholesale distribution is slated to rise 1.4 percent, slightly ahead of the projected national average employment growth of 1.2 percent.

"Over the last 10 years, the wholesale distribution industry has accounted for one-quarter of the total productivity improvements in the U.S. economy," said Pembroke Consulting’s president Adam J. Fein, Ph.D. "Our new report shows further productivity gains ahead for the industry and the U.S. economy as a whole."

According to the report, the fastest-growing segments nationwide by revenues next year include electrical, equipment, apparel, and pharmaceutical wholesalers. Wholesaler-distributors in the Southeast, Midwest, and Mountain states will see the strongest revenue growth.

To order a copy of the report, visit www.nawpubs.org or call 202-872-0885.

Publication date: 09/08/2003

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