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Distribution a fast-growing part of U.S. economy, study says.

U.S. wholesale distribution companies have a bright economic outlook according to a new report by Pembroke Consulting Inc. and Economy.com. The report was compiled for the National Association of Wholesaler-Distributors (NAW) titled NAW 2004 Economic Forecast. (To order, please www.nawpubs.org or call 202-872-0885.)

In 2004, overall revenues for wholesaler-distributors across 18 industries are forecast to rise 5.6 percent, outpacing next year's projected U.S. GDP growth of 3.8 percent. Employment in wholesale distribution is slated to rise 1.4 percent, slightly ahead of the projected national average employment growth of 1.2 percent.

"Over the last 10 years, the wholesale distribution industry has accounted for one-quarter of the total productivity improvements in the U.S. economy," said Pembroke Consulting President Adam J. Fein, Ph.D. "Our new report shows further productivity gains ahead for the industry and the U.S. economy as a whole."
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Publication:Modern Brewery Age
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 15, 2003
Words:150
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