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PURCHASERS MORE BULLISH ABOUT 1992 ECONOMY

 PURCHASERS MORE BULLISH ABOUT 1992 ECONOMY
 MAHWAH, N.J., Dec. 20 /PRNewswire/ -- Nearly three-fourths of the


nation's top purchasing professionals are optimistic that the U.S. economic climate will improve in 1992, a recent survey shows.
 Of nearly 300 office products purchasing managers for Fortune 500 companies, 72 percent say the expect to see slight to moderate improvements in '92. Another six percent say the economy will be much better, according to the survey, which was conducted by "Purchasing" magazine and Sharp Electronics.
 "Based on these findings, we anticipate a smarter, no-frills approach to purchasing in 1992," says Steve Bachstetter, general manager of national accounts at Sharp Electronics. "Buyers will be cautious, with greater emphasis on product and service value."
 By contrast, 61 percent of the purchasing managers described the first half of last year as weaker than the same period the year before, according to the survey.
 More than half the respondents, 54 percent, said that as a result of the dismal 1991 performance, they purchased fewer products and services than they had planned.
 Most survey respondents predicted a "very slight" to "moderate" increase in purchases this year. Calculators headed the list of electronic office products that respondents say they plan to purchase in the next 12 months, with 65 percent planning to buy new ones. Sixty-two percent plan to buy new office copiers; 42 percent say the will replace fax machines.
 Sharp Electronics Corporation, celebrating its 30th anniversary in 1992, is a recognized leader in consumer, office and industrial electronics. With sales over $2 billion, the U.S. sales and marketing subsidiary of Japan's Sharp Corporation is a leading seller of many electronics product lines including microwave ovens, calculators, facsimile, electronic organizers, electronic cash registers and LCD products. Headquartered in Mahwah, N.J., Sharp Electronics markets some 1,200 products in over 45 product categories and employs more than 2,100 people nationwide.
 -0- 12/20/91
 /CONTACT: Jack Mello or Hope Wright of Dorf & Stanton, 800-223-2121 or 212-420-8100, for Sharp Electronics/ CO: Sharp Electronics Corporation ST: New Jersey IN: CPR SU: ECO


SM-FC -- NY003 -- 4227 12/20/91 09:00 EST
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Publication:PR Newswire
Date:Dec 20, 1991
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