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Article: Growth Slows for Laboratory Instrumentation Sales Index.
- Article from:
- Instrument Business Outlook
- Article date:
- November 15, 1998
CopyrightCOPYRIGHT 1998 Strategic Directions International Inc. (SDI). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Third quarter revenues for the companies in the IBO Laboratory Instrument Sales Index have begun to slow down. After growing 4.2% in the second quarter, as compared to the like period, third quarter revenues grew 4.0% over the previous third quarter and are far below the 10.6% growth exhibited in the third quarter of 1997 over 1996. In fact, this is the worst third quarter improvement in the last ten years of the index. Over half of the companies in the index reported an increase in revenue, but 30% of those companies had sales increases of less than 2%. The consensus reason for the slowdown in revenues is sounding like a broken record with the culprit being the Asian ...