NAPL Reports 'Free Fall is Over,' Industry Heading Toward Growth
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According to the report, sales fell 8.7% during the six months ending in March 2010 and 5.4% during the three months ending in March, a marked improvement over comparable numbers a year ago, when sales were down 12.1% over the previous six months and 14.3% over the previous three months. “While the six-month average captures trend, the three-month average—which was down 18.1% at the deepest point in the recession—anticipates the direction of a trend,” say the NAPL economists. “As we approach mid-year, the free fall is over and we are moving toward growth.”
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