The Economic Roundtable –Dawning of Recovery?
Having recently completed our Board and Council meetings in conjunction with the Canadian Automatic Sprinkler Association (CASA) in Toronto, Canada we were given a somewhat “brighter” picture of the present state of the Sprinkler Economy. It appears from reports from our Contactors Council some areas of the United States appear to have “bottomed” out and some signs indicate improved activity. Private capital is now being invested and some light manufacturing and institutional building appear to be getting some “legs”. Granted, we have a long way to go before we can declare an economic recovery is here, but it seems from the reports we appear to be headed in the right direction after a very long and difficult recessionary cycle. Keep in mind while non-residential construction is at an historically low level of activity, new construction is happening. Modern building codes have never been stronger in their requirements for fire sprinklers and this will bode well for our industry as the general economy begins to improve and capital investment takes place.
As always we would be interested in you taking a few minutes to “blog” your opinion as to what is happening in your area
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