Typical October Pre-Election Swoon

I’ve noticed that our inquiries for new plants, site selection work and even decisions on moving ahead on projects seemed slow down in the past month. We had seen a marked increase in these inquiries over the past year and were hopeful that this up tick in activity would continue.

This same type of slowdown started in October, 2000 just prior to that election. Remembering back those four years makes me less concerned. I believe that there is a natural tendency caused by uncertainty for companies to delay and slowdown major projects until after a close, major election.

But, everything that we see in the expansion market indicates that 2005 should be a very active year for plant expansions and new construction.