Return To Home
Home / News / Recent News / Economic Downturn Affecting Glass Media

-
-











Glass Media Firms Already Seeing Cancellations Due To Economic Downturn

A quick survey by this newsletter shows that glass media business owners in general feel they will be materially hurt by the wild gyrations on Wall Street.

Glass Media Digest conducted a telephone poll of 224 glass media business leaders who reported that:

  • 58% said they expected their businesses to have some fall-off in sales for the remainder of the year.
  • 71% said they thought the fall-off would continue into 2009
  • 52% said they believed their industry would be more affected than the population as a whole by the economic downturn.
  • 61% said they had already received cancellation orders of materials or offerings as a result of the stock market collapse.
  • 64% blamed financial speculators for the problems.
  • 72% said they felt the government had not done enough to prevent rampant speculation.

The survey was conducted over three days beginning September 15th.



Tell a friend about this article: