U.S. production of computers and peripheral equipment was expanding rapidly before the recent recession hit, and if current trends hold, it will be one of the fastest-growing segments coming out of the recession. Output of these products declined by a startling 20% in 2009, but production activity is currently on pace to return to its pre-recession peak in less than two years. Our latest forecast calls for an increase of at least 10% in production of computers and peripherals in 2010 over 2009. This is twice the rate of growth expected for the total U.S. industrial sector.
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