General Economic Indices for the Power Tool Market Essay Example for Free

General frugal Indices for the Power Tool Market EssayIn assessing the supply legal document industries, it put up be establish that at that place are several usual stinting indices which rush are important in assessing the viability of the patience. thither are four of these which could be assessed for the purpose of the Able Corporation as they pursue their goals with their drudgeucts. These four general economic indices include lodging starts, expenditures for residential construction, expenditures for commercial construction, and expenditures for home repairs and improvement.First, the accommodate start statistics which have contract relevant to the industry represent the beginning of the construction of new privately owned single-family homes, townhouses, and multifamily apartment buildings (Frumkin, 2005, p. 132). Moreover, it excludes infrastructures for housing which fall under mobile homes, group keisters, public housing properties, renovations made to exis ting houses, and converted housing from non-residential to residential housing (Frumkin, 2005). From the historical data presented from the US numerate Bureau, t here is an erratic trend that give the sack be seen from the course 2004 to 2008.However, it is apparent that there is a continuous decrease from the year 2005 up to the 2008 deviation the year 2004 as the only exception. The various(prenominal) values for all(prenominal) year are 1,955,800 for the year 2004 2,068,300 for the year 2005 1,800,900 for the year 2006 1,355,000 for the year 2007 and 905,500 for the year 2008 (New Privately Owned, n. d. ). From the trend shown, it is made apparent that the housing units which have been started are becoming lower every year from the US data.Second, there are also relevant data which are made available for the expenditures which are placed for residential repairs and improvement. This type of data shows the measuring stick of money that has been used for the purpose of impro ving the residential places for purposes of repairs and improvement. For the year 2003, the data shows that $179,700,000,000 has been washed-out on the foremost quarter, $173,200,000,000 has been spent on the second quarter, $187,400,000 has been spent on the tertiary quarter, and $166,700,000,000 has been spent on the fourth quarter (US Census Bureau News, 2008).On the other hand, there are costs of $198,900,000,000 for the first quarter, $192,600,000,000 for the second quarter, $202,100,000,000 for the third quarter, and $200,500,000,000 for the fourth quarter (US Census Bureau News, 2008). For the year 2005, the respective value for the first to fourth quarters are $213,600,000,000 $192,800,000,000, $220,900,000,000 and $235,500,000,000 (US Census Bureau News, 2008). For the year 2006, the values for the respective four quarters are $232,200,000,000, $225,000,000,000, $231,000,000,000, and $226,000,000,000 (US Census Bureau News, 2008).As for the year 2007, the value for the first to the fourth quarter is $230,900,000,000, $227,700,000,000, $213,200,000,000, and $236,600,000,000 (US Census Bureau News, 2008). From these values, it is shown that the expenditures for each quarter and across the years are increasing such that there has been more cost spent for this on the latest years of the historical data. Third, the report of the US Census Bureau also shows that there are also expenditures for residential construction which can be studied from the year 2003 to 2007. For the year 2003, the perfect expenditure is $705,276,000,000.The succeeding values are $803,305,000,000 for 2004, $897,989,000,000 for 2005, $937,047,000,000 for the year 2006, and $875,010,000,000 for the year 2007 (Construction and housing, 2009). While the trend shows that here is a constant growth from the year 2003 to the year 2006, there is a sudden plunge for 2007 which can be accounted to several economic particularors that prohibit the construction of new residential infrastruc tures. Fourth, there is also an economic index available for expenditures on nonresidential units, which is also taken from the US Census Bureau.From the year 2003 to 2007, the respective values are $229,335,000,000, $238,478,000,000, $256,644,000,000, $295,715,000,000, and $349,566,000,000 (Construction and housing, 2009). From these data, it can be observed that there is a continuous increase in the amount spent for the purpose of construction nonresidential units. In relation to the king tool market, these economic general indices are considered to be important because of the role it plays in terms of the demand for power tools which are required for construction.The housing start data would dictate how many new power tools whitethorn be required together with the amount of expenditures that are seen to be used for improvements and construction of new infrastructures. The fact that power tools are considered to be a necessity for the construction and repair of housing and nonres idential units relates this industry to the construction of housing and nonresidential ones. During cases where there are disparities, it is important to note that these general economic indices willing be of great help only when accuracy is present.However, when there are cases where it is difficult to see which of the original findings are accurate, there should be information from other related economic factors that come from the government which could be a reliable source of data. Thus, it can be seen that there are several factors which affect the power tool market considering the economic relations it has with the construction industry. There are several ways by which the economic forecasts for the power tool industry can be obtained in relation to the construction data. References Frumkin, N.(2005). lookout to economic indicators (4th Ed. ). Armonk, New York M. E. Sharpe. Newly Privately Owned Housing Units Started. (n. d. ). Retrieved April 23, 2009, from http//www. cens us. gov/const/startsan. pdf. Section 20 Construction and housing. (2009). Retrieved April 23, 2009, from http//www. census. gov/prod/2008pubs/09statab/construct. pdf. US Census Bureau News. (2008). Expenditures for improvements and repairs of residential properties estimated at $226. 4 Billion in 2007. Retrieved April 23, 2009, from http//www. census. gov/const/c50_curr. pdf.