Momentum from a rebounded 2021 continued through the first quarter of 2022, as distributors in industrial, construction and building materials expanded business by 10.6% during the January-March period compared to a year earlier.
That’s according to the First Quarter Baird-MDM Industrial Distribution Survey, which gathered commentary from more than 500 wholesale distribution executives nationwide.
That mark exceeded expectations for a fifth-straight quarter and accelerated from 4Q 2021’s rate of 9.8%.
Read more by downloading MDM’s MarketPulse report here.
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