T100 regional firms still going strong

Accounting Technology, April, 2008 by Roger Russell

The nation’s Top 100 regional firms reflected continued strong economic growth during 2007, despite signs of an economic downturn just before year’s end.

Nationwide, Top 100 Firm revenue grew at a combined rate of 11.31 percent, just slightly above the previous year’s 11.09 percent.

Consumer spending on services, exports and investment in business structures were major contributors to the 2.2 percent growth in gross domestic product during 2007, according to the Bureau of Economic Analysis. The continued drag from housing and a drawdown in inventories accounted for a significant share of the slowdown in growth compared to 2006.

Unemployment rates were higher in December 2007 than a year earlier in 277 out of 369 metropolitan areas, lower in 67 areas, and...

Read the full article with a Free Trial at MyWire.

Premium Content Partnership | MyWire provides an in-depth online archive library of reference works.