NAW 2002 Economic Forecast Authored By Pembroke
n Plumbing and HVAC distributors are forecast to see a below-average revenue growth rate of 4.7% in 2004.
Pembroke Consulting shared some additional information from its new report conducted for the National Association of Wholesaler-Distributors (see story “Distribution Poised To Do Better Than U.S. Economy, page 8, October 2003 Supply House Times).
-- Plumbing and HVAC distributors are forecast to see a below-average revenue growth rate of 4.7% in 2004.
-- Employment growth at plumbing and HVAC distributors will be below the average for all distributors discussed in its report.
-- Distributors in the Pacific region will cut jobs in 2004, while the greatest job growth will be in the East South Central region.
-- Distributors, selling primarily into the residential market, will likely suffer from declining new-home starts and a drop in remodeling spending.
-- The outlook for commercial and industrial construction is positive - a good sign for distributors in these markets.
To order the report, visit www.nawpubs.org or call 202-872-0885.