The September figure is 1.5% above the September 2019 estimate and 0.3% above the revised August estimate; year to date, construction spending is up 4.1%.
Latest In Research & Analytics
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) this week released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 13.9% during September.
The October PMI registered 59.3%, an increase of 3.9% from the September reading of 55.4% — and the sixth consecutive month of expansion.
Buying group also reports that group purchases from AD suppliers were down 2% in the first nine months of 2020.
In the second quarter of 2020, when COVID-19 was decimating the U.S. economy, real GDP decreased 31.4%.
Excluding an outlier, the overall sales change is still positive but at 1.3%.
The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both decreased in September.
Increase of manufactured durable goods is the fifth in a row following the double-digit growth in May, high-single-digit growth in June, double-digit growth in July and low-single-digit growth in August — all of which had been preceded by two decreases during the height of the coronavirus crisis.
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 September, but all four categories decreased from August.
Our last quarterly data issue of 2020 includes promising stats on the future state of the economy, with some work left to do to get the industry back to where it was pre-pandemic. Dive into the latest MDM-Baird Distribution Survey results, as well as a preview of our MDM Analytics market forecast and wholesale revenues, sales and inventory trends data.
The market appears to be experiencing a quicker turnaround from the pandemic-induced downturn than originally expected.
Consumer behavior is playing a role in speeding economic recovery.
Latest report shows U.S. cutting tool consumption down 0.2% from previous month of July, while year-to-date total is down 23.4% from same period of 2019.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct. 12 to Oct. 16 indicated a 2.6% increase compared with the same week a year ago.
Housing starts also up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau.
American Supply Association said Monday that its member distributors reported an average sales growth of 2.5% and a median sales growth of 4.1% for the third quarter.
The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments and inventories for August was down 0.4% from the same month last year.
According to the Industrial Production and Capacity Utilization Report, manufacturing output decreased 0.3% during the month; industrial production was still 6.4% below its pre-pandemic February level.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct. 5 to Oct. 9 indicated a 0.4% decrease compared with the same week a year ago, continuing the pattern of relatively flat conditions that began in August.
If we were to assign a theme to this issue of MDM Premium, it would be new beginnings. The articles you will find in the October 10 issue address keys to sales team transformation, including how to look differently at the function and job requirements of your sales department. We also speak with the new president of EPDA on his vision for distribution in Europe and how the industry will reshape itself in the wake of COVID-19.
