NDA survey reveals cautious optimism for 2010
March 1, 2010
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DOYLESTOWN, PA, MARCH 1, 2010 - A recent survey of the member companies of the National Demolition Association, the leading trade organization representing the global demolition industry, reveals that there is still a moderate level of optimism for the demolition industry in 2010.
Nearly one-third of members said they expected sales to increase this year, while more than 25% thought sales would remain the same as the previous year. Only 19% expected a decrease in sales. "Our industry is populated in large part of entrepreneurs," said Michael R. Taylor, CAE, Executive Director of the National Demolition Association. "While they are well acquainted with business realities, they also tend to be optimistic and look for opportunities even when the economy is so challenging."
In response to the question "What do you see scrap prices doing in your region in 2010?" approximately one-third expected the price to remain the same, while nearly 30% expected a price increase. Another third decided to reserve judgment or expect a price decrease. Trade publications like Construction & Demolition Recycling report an expected volatility in scrap prices in 2010.
Regarding employment plans for 2010, nearly 30% expected to increase staff in 2010, while another third said that staff levels would basically remain the same. Only 15% expected to lay off staff.
The National Demolition Association is a non-profit trade organization representing approximately 1,000 U.S. and Canadian companies and many international firms that are involved in the demolition process. The website is www.demolitionassociation.com.
Nearly one-third of members said they expected sales to increase this year, while more than 25% thought sales would remain the same as the previous year. Only 19% expected a decrease in sales. "Our industry is populated in large part of entrepreneurs," said Michael R. Taylor, CAE, Executive Director of the National Demolition Association. "While they are well acquainted with business realities, they also tend to be optimistic and look for opportunities even when the economy is so challenging."
In response to the question "What do you see scrap prices doing in your region in 2010?" approximately one-third expected the price to remain the same, while nearly 30% expected a price increase. Another third decided to reserve judgment or expect a price decrease. Trade publications like Construction & Demolition Recycling report an expected volatility in scrap prices in 2010.
Regarding employment plans for 2010, nearly 30% expected to increase staff in 2010, while another third said that staff levels would basically remain the same. Only 15% expected to lay off staff.
The National Demolition Association is a non-profit trade organization representing approximately 1,000 U.S. and Canadian companies and many international firms that are involved in the demolition process. The website is www.demolitionassociation.com.
