Electrical Industry on Hold

Electrical Industry on Hold

Aggregate demand performance hits the electrical industry through its direct impact on the crucial economic indicators that make this industry tick.

We are now almost at the half way point of 2016 and it’s clear that industry sales will cross into negative territory for the year as a whole. As a matter of fact, industry sales were down more than 1.5% in the first quarter, and we view first quarter performance as history, not a forecast.  But let’s try to put this in some context. Few if any industries can thrive against the tide of a slow-growing economy.

The economy has skidded along at a sub-par 2.5% rate over the past e

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