April 30, 2007

The number of electrical distributors reporting sales growth continued to decline during the first quarter of 2007, however they look for a strong upturn in the second quarter, according to National Association of Electrical Distributors’ newly released Quarterly Sales Change Expectation Survey.
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For the quarter ended March 31, 61.2% of distributors indicated their sales had grown. This marked the third consecutive quarter in which the percentage of distributors reporting growth had declined. The portion of distributors estimating increases of 10% or more remained virtually unchanged from the prior quarter at 29.5%. The number of distributors whose sales declined grew to 31.7%. Among regions, the Northeast experienced a difficult quarter as only 32.4% of distributors …