The mixed results of the 2009 Member Forecast Survey of the Power Transmission Distributors Association underscore the uncertainty in the economy, revealing a healthy dose of optimism mixed in with a cautious outlook for the coming year.
While two-thirds of this year’s respondents confirm that the economy is declining, nearly the same proportion project that their sales will increase or remain flat in 2009.
The 79 manufacturer respondents are slightly more optimistic about 2009 sales than their 58 distributor counterparts. Nearly half of manufacturers project an increase in sales, compared to 36.2% of distributors.
Overall 42.8% of all firms project their companies’ sales will increase in 2009, down roughly 15% from …
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