The spike in real GDP reflected larger increases in personal consumption expenditures (PCE) and nonresidential fixed investment.
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Latest Chicago Fed National Activity Index (CFNAI) shows that three of four broad categories of indicators used to construct the index made positive contributions in November, but all four categories decreased from October.
The PTDA Distributors Total Sales Index in the third quarter was a down 7.5% from the same quarter a year ago but an improvement over the second quarter’s 15% year-over-year decline.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Dec. 7-11 increased 2.9%, back to the normal range following a spike the week before.
Housing starts also up — in the low double digits — 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 that the combined value of distributive trade sales and manufacturers’ shipments and inventories for October increased 2.2% from the same month last year.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.8% during the month; year-to-date industrial production has improved but is still 5% below its pre-pandemic level.
But new orders placed in October marked a 3.7% increase from the previous month, according to the most recent U.S. Manufacturing Technology Orders report.
MDM has compiled some recent economic outlooks for 2021, most of which are promising, but we’d love to know what you expect for your distribution business and the industry as a whole next year.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 30 to Dec. 4 “produced the largest non-holiday increase the index has experienced.”
This issue of MDM Premium focuses on ways for distributors to strengthen your digital presence, beginning with a focus on your customer’s journey through your e-commerce platforms and websites.
Wholesale trade shows slight improvement from 2019 and from the previous month of September, according to the latest report from the U.S. Census Bureau.
The seasonally adjusted Fastener Distributor Index (FDI) for November was 54.5, down from 56.5 in October but still in the growth range.
Year-to-date, the goods and services deficit increased $46.6 billion, or 9.5%, from the same period in 2019.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 23 to Nov. 27 indicated an increase; it could be related to the holiday, but nevertheless it marked the biggest sales growth since July.
The November PMI registered 57.5%, a decrease of 1.8% from the October reading of 59.3% but still marking a seventh consecutive month of expansion.
The October figure also show a 1.3% improvement from the revised September estimate; year to date, construction spending is up 4.3%.
Association also reports that the average annual sales growth for the 12 months through October 2020 for HARDI distributors is 3.1%.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories moved in opposite directions in October.
Increase of manufactured durable goods is the sixth in a row following growth in May, June, July, August and September — all of which had been preceded by two decreases during the height of the coronavirus crisis.
