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FMI Construction Outlook Projects End to Recession
By: FMI Corp.
If the U.S. economy has been in a deeper and lengthier recession than most Americans realize, then perhaps the timing of the recovery will be sooner than many suspect. The possibility of a shortened recession is born out by certain “leading” economic indicators that usually become favorable before an economy turns upward out of recession. In the fourth quarter, the stock, bond, and commodities futures markets rallied, indicating that the markets feel increasingly confident regarding business conditions in 2002.
In a recession, sectors of the economy often behave like inventory in the “FIFO” accounting method — “First Sector In, First Sector Out.” Just as manufacturing is likely to emerge as a leader in the recovery because it led into the recession, nonresidential construction will likely pick up later, in 2003.
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Industry Calendar
Jan. 21-24, 2009
NAED Western Region Conference:
Palm Desert, Calif.; National Association of Electrical Distributors (NAED),
(314) 991-9000,
www.naed.org
Feb. 25-28, 2009
NAED South-Central Region Conference:
Orlando, Fla.; NAED,
(314) 991-9000,
www.naed.org
March 10-14
Electronic House Expo Spring 2009:
Orlando, Fla.; EH Publishing,
508-663-1500,
www.naed.org
March 17-20
Electric West Conference:
Las Vegas, Penton Media Exhibitions,
203-358-3704,
www.electricshow.com
March 18-21
NEMRA Annual Conference:
Orlando, Fla.; National Electrical Manufacturers Representatives Association,
800-446-3672,
www.nemra.org
April 19-23
NAILD Convention:
Scottsdale, Ariz.; National Association of Independent Lighting Distributors (NAILD),
716-875-3670,
www.naild.org
April 20-23
A-D Electrical Supply Division Network Meeting:
Houston; Affiliated Distributors (A-D),
610-977-3100,
www.mya-d.net
April 29-May 1
2009 Equity/EDN Annual Meeting:
Dallas; Equity/EDN Electrical Associates;
800-373-1894,
www.equityedn.org
May 3-4
Lightfair International:
New York; AMC Inc.;
204-220-2004, www.lightfair.com
May 4-7
Windpower 2009 Chicago:
American Wind Energy Association (AWEA);
202-383-2512
May 16-20
NAED National Electrical Leadership Summit:
Fort Lauderdale, Fla.; NAED;
888-791-2512; www.naed.org
June 28-July 1
Women in Industry Forum:
Santa Fe, N.M.; NAED;
888-791-2512; www.naed.org
July 30-August 1
NAED LEAD Conference:
Orlando, Fla.; NAED;
888-791-2512; www.naed.org
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