bear stearns teleconference via new york city ny and cincinnati oh march 28 2002 state of the coatings industry daniel s murad president chemquest group inc ohio 2 copyright all rights reserved in face a recessionary economy events september 11 final outcome was not as bad initially anticipated 2001 paint shipments declined 4 to an annual rate 1 23bn gallons while value 16 2bn decline 0 figure which reflects attempts boost prices response raw material escalation us & coating vs 2000 total quantity mm 226 772 176 261 13 18 gal 280 522 203 311 12 65 performance seems be microcosm economic reports mirroring tale two tapes between consumer spending industrial production manufacturing sector typically impacts architectural manifested form housing starts residential remodeling
