NFDA To Offer Economic Reports Through ITR

Jason Sandefur

The National Fastener Distributors Association is partnering with the Institute for Trend Research to develop a series of customized economic reports produced exclusively for NFDA members.\
Starting in the fall of 2008, the NFDA Economic Outlook Report will be produced four times per year by an ITR Senior Economist.
The reports will correlate macroeconomic data to specific product categories directly related to the fastener industry.
“The reports allow member companies to forecast what effect the economy has on their business and what they can reasonably expect for up to six quarters in the future,” NFDA said in a statement.
The economic outlook reports provide NFDA members solid answers to such questions as when to increase overhead, when to add sales staff, when to cut inventory levels and when to increase or decrease sales and marketing allocations.
“The NFDA Board felt that access to this data in and of itself is worth the price of membership in NFDA and therefore had no problem offering this benefit free of charge to all members,” stated NFDA executive vice president John Hausoul.
Along with each quarterly report, NFDA will host an Economic Outlook Webinar allowing members to hear highlights of the report and additional analysis from ITR”s Executive Director, Brian Beaulieu.
“This allows NFDA members the exclusive opportunity to ask questions directly to Beaulieu on the issues specific to their business interests,” NFDA explained.
In addition, ITR will provide a senior economist to speak at all future NFDA Annual Spring Meetings, where they will discuss the reports and present a thorough look at what”s ahead for the fastener industry. �2008 FastenerNews.com