Sunday, April 20, 2008

What Recession?

From the level of activity we are seeing at Agracel with companies expanding production and looking at ways to increase their capacity, I continue to think that the so-called recession is centered more on Wall Street than on Main Street. This graphic of industrial production shows it best. As you can see industrial production in the USA continues to hold up very well when compared to other periods of recession.


Anonymous said...

A local machining firm just completed their best quarter in 10 years! Their customer base of manufacturers are exporting product like never before.

If this "recession" gets much worse, they'll have to add onto their plant.

BoomtownUSA said...

We are seeing this very same thing with a number of manufacturers that we work with.

The problems on Wall Street don't seem to have hit Main Street as hard as they have in New York and other bigger cities.

Thanks for your comment.