U.S. wholesale distribution sector primed for more growth

U.S. wholesale distribution sector primed for more growth – Brief Article

U.S. 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 wholesaler-distributors across 18 industries are forecast to rise 5.6 percent, outpacing next year’s projected U.S. 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 ten years, the wholesale distribution industry has accounted for one-quarter of the total productivity improvements in the U.S. economy,” said Pembroke Consulting 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.

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