A
mid-year business conditions survey by the North Central Wholesalers
Association (NCWA) reveals the first sales increases in a long time for
distributors in that beleaguered region of the country. NCWA members responding
to the survey reported June sales increased an average of 8.4% (median 8.0%),
boosting the cumulative six-month tally to an average gain of 2.4% (median
0.5%). Though modest, the survey results bring a welcome respite from
continuing declines for NCWA distributors.
Of
the 32 members reporting, 26 reported sales increases in June versus only 6
with declines compared with June 2009. Gains were realized in June by supply
houses in all reporting states of the region, including Ohio
(6.7% average increase), Indiana (8.8%) and
even notoriously hard-hit Michigan
(9.5%).
The
numbers still show sales in negative percentages over the last 12 months
compared year-to-year, but those figures will eventually turn positive if sales
continue to grow in the months ahead.
For
more details, read NCWA’s June business report in pdf form below.
Links
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