May orders increased 8.6% over April 2023 but fell short of May 2022 orders, according to The Association For Manufacturing Technology.
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Nonresidential construction employment rose by 12,200 positions on net, with positive growth in 2 of the 3 subcategories.
Vesna Brajkovic details how Home Depot targets a market typically served by wholesale distributors with its plans to be a one-stop-shop for complex contractor projects.
New orders for manufactured goods in May increased $1.6 billion, or 0.3%, to $578.0 billion, according to the Census Bureau.
The CHIPS and Science Act and the Inflation Reduction Act are linked to the recent rise in construction spending, according to the WSJ.
While overall construction spending rose, nonresidential construction spending decreased for the fist time in nearly a year.
Following a 28-month period of growth, economic activity in the manufacturing sector contracted in June for the eighth consecutive month.
That total, which includes petroleum and related products, was down 22.1% year-over-year.
The April data was revised lower, however, indicating businesses remained cautious about investing amid economic uncertainty.
Mike Hockett distills key takeaways from a new MDM whitepaper and webcast on the topic of customer experience and what distributors are doing to improve it.
The Biden Administration is now incentivizing the thousands of suppliers that provide the materials and tools used to produce semiconductors.
While U.S. cutting tool consumption fell after a spike, market indicators remain positive with growth expected, according to USCTI and AMT.
Slowing consumer spend has led big-box retailers to buy less corrugated and cardboard products and U.S. paper mills to scale back production.
Overall May construction input prices were 3.7% lower than a year earlier.
We condense the guest interviews and analysis from our Top Distributors webcast into a compilation podcast about the factors that impacted who appeared where on our rankings lists.
Most of the central bank's committee members expect at least two more rate hikes to come in 2023.
The news comes the same day as the Federal Reserve announces that interest rates will remain unchanged for now.
The index for shelter was the largest contributor to the monthly all items increase, according to the Bureau of Labor Statistics.
It will expand Turtle's availability of energy-efficient solutions to commercial and industrial entities and help them achieve ESG goals.
Mike Hockett breaks down the latest economic indicators, wholesale sector data and industry sentiment, which points to improved full-year outlook.
