Wholesale trade showed a marked improvement from the same month in 2020, and was also up slightly from April.
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The 17.6% average annual sales growth for the 12 months through set a new record for HARDI distributors.
The increase in May followed on the heels of a 0.7% decrease in April, according to the Census Bureau.
During the first five months, construction spending totaled $594.8 billion, which is 4.6% above the same period in 2020, according to the U.S. Census Bureau.
The June Manufacturing PMI registered 60.6%, which was just below the May reading of 61.2%, according to Manufacturing ISM Report On Business.
The increase in real GDP in 1Q reflected increases in personal consumption expenditures (PCE), nonresidential fixed investment, federal government spending, residential fixed investment, and state and local government spending.
The latest Chicago Fed National Activity Index (CFNAI) found that three of the four broad categories of indicators used to construct the index chipped-in positive contributions in May.
MDM editors Elizabeth Galentine and Eric Smith shared an early look at this year’s MDM Top Distributors results during a June 17 webcast.
And housing starts are up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The U.S. Census Bureau reported the combined value of distributive trade sales and manufacturers’ shipments and inventories for April increased by 40% from the same month in 2020.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.9% during the month.
While the recovery well is underway, the NetPlus quarterly survey also said the labor shortage was a cause for concern going forward.
Technology orders were up 72% year-over-year in April according to the latest U.S. Manufacturing Technology Orders report by AMT.
Wholesale trade shows improvement from same month in 2020 and was also up from the previous month of March — albeit at just 0.8% — according to the latest report from the U.S. Census Bureau.
Year-to-date, the goods and services deficit increased $94.5 billion, or 50.5%, from the same period in 2020.
Association also found that the average annual sales growth for the 12 months through April for HARDI distributors was 13.7%.
Construction spending for the fourth month of 2021 was up 0.2% from the previous month of March.
The May ISM PMI registered 61.2%—an increase of 0.5% from April—for the 12th consecutive month of expansion.
Manufactured durable goods, which had increased 11 consecutive months, had been up 1.3% in March.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit declined while wholesale inventories increased in April.
