75 percent in 2004 (Bureau of Labor Statistics, 2005a). Inside the industry, the producer cost index for your market experienced both inflation and deflation as follows: 2.64 percent in 2002, - 0.1 percent in 2003, and 3.88 percent in 2004 (Bureau of Labor Statistics, 2005b).
Real GDP influences demand to your goods in the industrial lift power trucks market indirectly by influencing client demand. Slower GDP growth (or GDP contraction) lowers buyer demand. In turn, retailers, wholesalers, along with other users of industrial power lift trucks lower their demand for such products. Changes in true GDP for 2002, 2003, and 2004 are presented in graphic form in Chart 1.
As the data presented in Chart A couple of indicates, personal money over 2002, 2003, and 2004 was a volatile economic indicator. The steep rise in own income during the fourth quarter of 2004 can't be relied on to indicate an expectation of commensurate demand growth for your items with the industrial lift power trucks marketplace as a result of the pattern of steep falls and steep increases in very own money over the past three years (Bureau of Economic Analysis, 2005).
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