We're hearing consistent reports of "slow growth" for 2005 so far, generally in the five-percent range, with February picking up a little more than January for many distributors. At the same time, Grainger's 10% growth in February doesn't qualify for slow growth in our book; they are seeing results from some strong market pushes - aimed squarely at independents as well as national competitors - in targeted markets that so far include Atlanta, Denver and Seattle. Hughes Supply also had a blistering fourth quarter ending Jan. 31.
A strong 2004 saw many product sectors in wholesale in double-digit growth modes. With U.S. gross domestic product predicted to come in around 3.5% (or perhaps a little higher now) for 2005 after a 4.4% GDP growth rate in 2004, executives seem set ...
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We're hearing consistent reports of "slow growth" for 2005 so far, generally in the five-percent range, with February picking up a little more than January for many distributors. At the same time, Grainger's 10% growth in February doesn't qualify for slow growth in our book; they are seeing results from some strong market pushes - aimed squarely at independents as well as national competitors - in targeted markets that so far include Atlanta, Denver and Seattle. Hughes Supply also had a blistering fourth quarter ending Jan. 31.
A strong 2004 saw many product sectors in wholesale in double-digit growth modes. With U.S. gross domestic product predicted to come in around 3.5% (or perhaps a little higher now) for 2005 after a 4.4% GDP growth rate in 2004, executives seem set ...
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