The electrical industry in 2007 is beginning to show the effects of the slowdown in the overall economy due to the contraction of the nationwide housing market and the credit shortage sparked by the collapse of the sub-prime lending market.

According to Electrical Wholesaling’s 2008 Market Planning Guide, electrical distributors expect total industry growth to slow down to in 2008 to 5.7 percent. That’s down from 5.8 percent in 2007 and significantly lower than the double-digit growth rates they forecast from 2004 to 2006. Electrical Wholesaling’s Market Planning Guide, to be published later this month, forecasts total sales through distributors of electrical supplies to hit approximately $94.2 billion in 2008, up from $89.1 billion in 2007. This total sales figure includes sales through full-line electrical distributors and sales through specialty distributors that focus on residential lighting fixtures, wire and cable, industrial controls, lamps, fuses and commercial/industrial lighting equipment.

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Thank-you from the staff of Electrical Marketing.