When Economic Growth Slows Textile Services Step Up

Alucky 2013 for the U.S. textile services industry would be another year of growth at twice or three times the pace of the national GDP increase. It’s the legacy of the business and a good bet for next year—due not so much to the dramatic expansion of commercial laundry operations, but because the GDP forecast is lower. With a stronger GDP, it’s harder for the industry to dramatically outpace its growth.
 
If sales rise around 4.5%, the historical pattern will repeat itself again, as GDP growth is forecast at 1.4%. With TRSA members yet to report 2012 ...

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