The month's production figure narrowly trailed Wall Street economists' expectation.
Latest In Research & Analytics
It illustrated sticky inflation that is likely another roadblock to the Federal Reserve making interest rate cuts anytime soon.
All but two of the 19 wholesale distribution sectors we track moved more pessimistic month-to-month in our May forecast for 2024 revenue growth, which moved into lower single digits.
March orders typically see a large bump, as many sector manufacturers end their fiscal year at the end of the month.
Month-to-month, sales were down in seven of the 10 durable goods categories that the Census Bureau tracks.
Distributors are dealing with more potential business risks today than ever before. We polled hundreds of them to determine what the biggest risks are, and dissected plenty of interesting commentary.
Economists had forecasted a monthly gain of 0.3%.
Persistent high inflation led the Fed to maintain its benchmark lending rate at a 23-year high.
It was a reversion from a March that had seen the first expansion-territory PMI since September 2022.
The market profiling software-as-a-service BI tool platform strengthens market analysis for distributors and manufacturers.
We gathered polling data and commentary from hundreds of respondents to find out. Find our analysis on the results here.
It reversed February’s 0.5% increase.
It was the second straight deceleration and fell well short of consensus forecasts, dampening hopes of Federal interest rate cuts.
It was the first consecutive increase since June of last year.
Find a wealth of data and analysis extracted from the 1Q24 Baird-MDM Industrial Distribution Survey, including trending charts and figures for revenue and expectations, plus plenty of interesting commentary.
We analyze the qualitative results of our 1Q24 Baird-MDM Distribution Survey question that asked distributors about current or expected impacts from geopolitical issues.
After a weak finish to 2023, the industry saw rebounds in monthly orders and shipments in the first two months of 2024.
A key question in the latest Baird-MDM Distribution Survey addressed whether there is a real trend in suppliers changing minimum purchasing requirements, and who it’s impacting most.
It marked the first time growth occurred over two straight months since March-April of 2023.
The U.S. Census Bureau’s annual March revisions to wholesale trade revenues considerably lifted its largest sector – oil & gas – which likewise raised the latest MDM forecast modeling.
