Materially changing market conditions caused by the COVID-19 pandemic have impacted the companys previously announced timeline to separate its Facilities Maintenance and Construction & Industrial businesses.
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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis has announced that the goods and services deficit was $39.9 billion in February, down $5.5 billion from $45.5 billion in January, revised.
The latest PRI adjusts the decline for the week of March 16-20 to -2.23% instead of the previously reported -5.56% due to an increase in survey participants and the loading of their historical data.
The New Orders Index registered 42.2%, a decrease of 7.6%s from the February reading of 49.8%.
MDMs most-read content of March focused on the coronavirus pandemic and its impacts on manufacturing and distribution, as well as actions the industry is taking to minimize negative consequences
The transaction was completed in a single closing and resulting in cash proceeds to Hillenbrand of approximately $224 million.
The Index offers distributors a weekly quantified view into how other distributors in the industry are faring with respect to revenue declines as the global COVID-19 pandemic progresses.
The GDP estimate is based on more complete source data than were available for the second estimate issued last month. In the second estimate, the increase in real GDP was also 2.1%.
Modern Distribution Management's monthly Industrial Inflation Index measures a cross-section of industrial supplies.
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Wholesale revenues, inventories and ratios from January 2020.
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The company saw positive organic sales growth across all markets in 2019 as it celebrated its 150th anniversary and 90 years of employee ownership.
Two of the four broad categories of indicators that make up the index increased from January, and three of the four categories made positive contributions to the index in February. The indexs three-month moving average, CFNAI-MA3, decreased to 0.21 in February from 0.11 in January.
The deal will enhance the companys portfolio and enable greater focus on core platform businesses.
The AD Live virtual meeting was introduced the week prior after AD decided to shift their spring network meetings to virtual formats in order to minimize the risks associated with the current COVID-19 pandemic.
The acquisition is expected to further strengthen ABB's relationship with leading Chinese electric vehicle manufacturers.
Cook joined Motion Industries as senior vice president and CFO in November 2016.
The company is also increasing hourly wages for employees and partners who are in fulfillment centers, transportation operations, stores or those making deliveries so that others can remain at home.
The event was scheduled to take place April 20-22 in Atlanta, Georgia.
The acquisition expands the companys presence in the Idaho market.
