Entrex PCI data is an Early Indicator of Market
Chicago, IL – October 23, 2009 The September Private Company Index (PCI) report continues to show positive revenue growth trends in the mid market private company sector. This month the PCI is up 6.8% bringing the year to date growth to 40.30%. Other positive news comes from the major capital markets indicators that are showing continued growth this period. The Dow (^DJI) was up 2.3% this month, the Nasdaq Composite (^IXIC) up 5.6% and the S&P Small Cap 600 (^SML) also saw growth at 5%.
Official report of this information was broadcast on South Florida National Public Radio’s affiliate program "On the Money with Steve Pomeranz" and continues to be a featured segment on that program each month.
Public market indicators such as Dow and Nasdaq are now, like PCI, showing growth this year after deep declines in ’08. However, it is interesting to note, that the PCI showed growth throughout 2008 and is continuing to add to that in 2009. Our data predicted the end of any “recession” before it could be declared or seen in the public market.
Stephen H. Watkins, CEO of Entrex and corporate sponsor of the PCI, notes that “these private companies are the economic and employment engine of America and they are leading our recovery. It's smart to watch their performance as a precursor to the larger financial picture that's developing. Entrex's Private Company Index is an important indicator of growth and activity in the American economy."
About Private Company Index (PCI):
Sponsored and administered by Entrex, Inc. (www.entrex.net) the PCI is a proprietary benchmarking tool used to measure overall performance growth, and decline, in the private sector. It is recognized as the most authoritative source on sector performance by practitioners in the financial markets. www. Privatecompanyindex.com
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