Chicago, IL (1888PressRelease)
July 01, 2008 - While the Dow Jones Industrial Average lost more than 500 points in May, indicating a lack of confidence in the performance of those companies, the Entrex PCI/Gazelles Index reports that aggregate revenue performance of their high-growth subset of private companies remained stable.
The PCI/Gazelles Index, a 10-company subset portfolio of the Entrex Private Company Index (PCI), measures the monthly revenue performance of proven top-growth North American firms with $250 million or less in annual revenue. The PCI/Gazelles Index was down only 1 percent in May over April, closing at 1,222. Analysts view this slight drop as a stabilizing effect after the record near 13 percent increase seen April over March—which marked and Index high point and 27 percent YTD growth.
Entrex CEO Stephen H. Watkins concurs that the leveling off of the PCI/Gazelles Index is nothing to worry about. He said the numbers continue to show that the economy is keeping a formal recession at bay, and that the media is fueling the fire by not correctly reporting fair interpretations of the various economic indicators.
“Private companies are still growing and doing well,” said Watkins. “It’s the same ballgame as always with the strong high-impact firms creating the growth they want. It’s up to the individual CEO to put their company in this category.”
The PCI/Gazelles Index is sponsored by Chicago-based Entrex the place to find, research, track, manage and trade interests in entrepreneurial companies. The Index is published in partnership with Ashburn, Virginia, based Gazelles, Inc., a global executive education and coaching firm for the high-growth company sector.
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