It was the fourth consecutive monthly increase, and more than twice the increase of May.
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Amid cooling inflation, that figure is an acceleration from 1Q's 2.0% growth.
Bob Jordan, VP of MDM Analytics, provides a walkthrough of how that business unit works and the value it provides to the industry.
The increase follows a one-month pause in June and despite recent sharp declines in wholesale and consumer inflation rates.
We distill results of the 2Q23 Baird-MDM Industrial Distribution Survey’s polling of respondent expectations for the impact of government programs and reshoring on theIr businesses in the next 5-10 years.
Missed MDM's free Virtual Profitability Summit? It's now available on-demand. Here, find a quick recap of some final thoughts from the event.
An expected slowdown in deals did set in during the quarter’s final month, but June was still busy by recent historical standards.
Inconsistent, sluggish revenue numbers dogged some distributors during the second quarter, according to the latest Baird-MDM survey.
“The tone on the ground is one of leveling rather than significant declines,” said MSC CEO Erik Gershwind during a June 29 3Q earning call.
We examine the quantitative and qualitative aspectsof that question, which was asked in the new 2Q23 Baird-MDM Distribution Survey.
The decline reflected a broad industrial deceleration, led by a contraction in consumer durable goods.
MDM's annual Mid-Year Economic Forecast webcast provided a current snapshot of market conditions and what to expect in a likely bumpy road ahead.
The strong growth figures suggest that metal-cutting production has not been drastically affected yet by an industrial slowdown.
Compared with 2022, TEU volume was down 16.1% in June, but up 6.0% from pre-pandemic June 2019, according to Descartes.
Economists polled by the Wall Street Journal had predicted a 0.2% increase in the producer price index, MarketWatch said.
The core June inflation index was up 4.8%, down from May’s 5.3%, and was a bigger decrease than expected.
The South remains the region with the highest backlog, despite being the only region in which backlog declined in June.
Full-year revenue expectations soured for a second-straight month, falling from a slight gain to decline. Mike Hockett recaps those figures and more.
May 2023 sales of merchant wholesalers were $650.2 billion, according to data released by the U.S. Census Bureau.
Applico outlines the most developed B2B vertical in eProcurement, its top SaaS providers and how distributors can take advantage.