In-plant Purchasing Decisions in a Recession

The Full Story

While at first glance 0.4 percent does not seem like a large decline, the data tells a slightly different story. Cumulatively, 61.6 percent of respondents stated that their revenues remained flat or declined, with nearly 25 percent showing a significant decline of more than 5 percent. This means that only 38 percent of respondents showed any growth in 2008. Of those that did grow, 15.5 percent showed growth equal to or greater than 5 percent.