 |
Lock in savings now before June 1 rate increase! |
 |
A recent survey released by the Federal Bank of Philadelphia says that the chance of slipping back into a recession is becoming less of a possibility. (Link to the survey results.) According to the Fed survey, the outlook for the U.S. economy looks stronger now than it did just three months ago, according to the survey of 44 forecasters.
In MDM's recent Webcast, Growth Planning for 2010: Economic Update with Adam Fein, distribution industry expert Adam Fein of Pembroke Consulting also said that the chances of a double-dip recession are much lower now than they were six months ago. He said: “Given the way things are going right now I’d say there’s still a chance, but I would say maybe it’s only about a 20 percent chance we’ll have a double-dip recession – that this recovery isn’t self-sustaining. I think we’re on the right path.”
| We
Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
Fein says that most distribution sectors are going to be feeling growth in 2010. (Read an exclusive summary for MDM Premium subscribers of that Webcast.) Or download the free Webcast now.
The Federal Bank of Philadelphia survey forecasters predicted real GDP will grow at an annual rate of 3.3 percent over each of the next two quarters. The survey also showed higher expectations for the labor market. While still high, unemployment was projected in the survey to be an annual average of 9.6 percent in 2010, before falling to 8.9 percent in 2011. Forecasters are more optimistic about jobs growth over the next four quarters, raising their employment growth figures from the previous survey.
Learn more from Fein's 2010 Wholesale Distribution Economic Reports, available for 18 different distribution sectors.
 |
 Download
the Top 40 Industrial List -FREE |
| View the Top Distributors in 12 Sectors: | |
| 2011 Distribution Landscape Report: Access Now | |
Join MDM's Independent Distributor
Network 
Follow MDM on Twitter
 Critical Profit Driversin Distribution Al Bates, Profit Planning Group, speaks frankly about the most important factors to driving profit. Watch now. iPad users: click here to view. |
 Economic Update:Behind the Moderation MAPI Economist Cliff Waldman discusses some of the factors behind the slowing economic recovery. Watch now. |
 7 Minutes With ...Bell Electrical Supply CEO Burt Schraga discusses the importance of building a strong culture in his organization. Watch now. |
More Audio and Video Features from MDM: |
Think About It: |
|
Training Resources
 |
 |
 |
 |
|||
|
Featured Article: What AmazonSupply.com Means for Independent Distributors $34.95 |
Inventory Management Best Practices with Jon Schreibfeder: DVD + Book $119.00 |
The State of E-Commerce and Catalogs in Distribution $44.95 |
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers $249.00 |
| Title | Company | Location |
|---|---|---|
| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
| Risk Manager | Border States Electric | Fargo ND |
| Purchasing Manager | PCA SKIN | Scottsdale, AZ |
| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
| INDUSTRIAL OUTSIDE SALES REPRESENTATIVE | Graybar Electric Company | Phoenix, AZ |
| General Manager | Applied Industrial Technologies | Norfolk, VA |
| Rubber Specialist | Applied Industrial Technologies | Baltimore, MD |
| View ALL Wholesale Distribution Job Listings |
|
|
 |
|
|
|
 |
Leave a Comment