The Credit Crunch - Recession proof or spoof

64% of companies showed an increase is sales revenue in the last 3 months

The light at the end of the tunnel or the last flicker of the flame before itís extinguished.

The coverage given to global recession, economic downturn, credit crunch, recessed markets and so on was everywhere. After watching this every day for a week was definitely a daunting experience but then I remembered that 2008 has been our best year at JPE for booked and billed revenue since we started trading 5 years ago. We have had 3 consecutive record quarters of growth over last year which included 5 record months.

Itís not all doom and gloom or is this the boom before the bust.

The annual JPE client survey also showed that over 48% of companies that responded had an increase in sales in the last 3 months compared to the previous 3 months and over 64% of companies showed an increase is sales revenue in the last 3 months against the same 3 months of the previous year. The following was also identified, 56% of companies showed an increase in sales revenue in Q1 & 2 of 2008 compared to Q1 & 2 of 2007 this was followed by over 58% of companies showing an increase in sales in Q3 of 2008 over Q3 of 2007.