TRSA's (Textile Rental Association of America) strategic analysis of the industry for 1992.

Abstract

Growth exceeding Gross National Product (GNP), strong competition, ongoing consolidation, and improving profitability--trends that have characterized the textile rental industry throughout the 1980s--continued in 1990. And despite a recession in the latter part of the year, the trends appear to be indicative of the decade ahead. The compelling question for the industry and the country is whether or not the recession is over, also unclear is the rate of recovery that can be anticipated. Economic assumptions, developed jointly by the Council of Economic Advisers, the U.S. Treasury, and Office of Management and Budget, show a resumption of economic growth in the latter half of 1991 with the pace accelerating into 1992. Real GNP growth is predicted to become about three percent annually by 1995-96, and to be accompanied by gradual declines in inflation and interest rates. This annual strategic analysis by TRSA officers and staff offers insights into industry trends as well as the issues affecting customers and the market place.