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News

NAW 2002 Economic Forecast Authored By Pembroke

November 10, 2003
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).

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.

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