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
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