CDW Sales A Bad Read for Corporate Spending
We have written before that bullish investors are hoping that spending by businesses will pick up any slack from a slowing consumer. Well, we’re still waiting.
CDW Average Daily Sales Rise in November: Financial News - Yahoo! Finance
Total sales were up 11.9 percent to $569.2 million, from $508.5 million last year.Excluding the October acquisition of Berbee Information Networks Corp., average daily sales grew 5 percent to $25.5 million, from $24.2 million last year. Total sales grew 5 percent to $534.8 million, from $508.5 million last year.
Average daily sales for the public sector grew 14.9 percent, whiles sales for the corporate sector grew 1.5 percent, both excluding Berbee sales.
CDW sells technology to a wide range of businesses, and is therefore one of several companies that can provide a good indication of overall business investment in technology. 5% growth is slower than nominal GDP growth, which would indicate that business spending is shrinking as a percentage of economic activity, rather than growing.
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