April 5, 2009 - Modern Distribution Management

April 5, 2009

Conference Board Employment Trends Index Continues Decline In March

The Conference Board Employment Trends Index fell again in March. The index now stands at 90.1, decreasing 2.3% from the February revised figure of 92.2, and down 22.1% from a year ago.
 
While we see a continued sharp fall in the ETI, the decline was not as strong as in the previous four months, suggesting that the most intense stage of job losses may be behind us, said Gad Levanon, senior economist at The Conference Board. "However, the drops in each of the eight components of the ETI in March signal that many more jobs will disappear over the next several months."
 
The 20-month-long decline in the Employment Trends Index is seen in all eight of its components, most notably over the past six months in temporary-help hires and part-time ...

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Chicago Fed Midwest Manufacturing Index Declines 0.4% In February

The Chicago Fed Midwest Manufacturing Index decreased 0.4% in February to a seasonally adjusted level of 83.8 (2002 = 100). Revised data show the index declined 6.7% in January, to 84.2.
 
The Federal Reserve Board's industrial production index for manufacturing fell 0.7% in February. Regional output in February was down 22.2% from a year earlier - lower than the 13.8% decline in national output.
 
The region's steel sector output moved down 4.7% in February after declining 6.2% in January. The nation's steel output was down 2.7% in February. Regional steel output dropped 30.8% from its February 2008 level, and national steel output fell 21.2%.
 
The Midwest's machinery sector output decreased 4.2% in February after moving ...

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MAPEI Buys Georgia Adhesive Manufacturer

MAPEI, Deerfield Beach, FL, a manufacturer of adhesives for the building sector, has acquired All-Purpose Adhesive Company, Dalton, GA. APAC manufactures environmentally friendly adhesives for the installation of floor-covering materials such as resilient flooring, carpet, ceramic tiles and vinyl composition tiles. APAC will be incorporated into the MAPEI Group.
 
This acquisition is in line with our long-term strategy, said Giorgio Squinzi, CEO of MAPEI Group. "We pursue organic growth in all markets, while considering interesting acquisitions whenever possible. Through the acquisition of the APAC assets, we gain a reliable industry brand that exhibits innovative technology, consistent product quality and strong performance."
 
MAPEI ...

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WinWholesale Opens New Store In Southern Illinois

WinWholesale Inc., Dayton, OH, has opened St. Jacob Winwater Works Co. in St. Jacob, IL, to provide general, utility and municipal contractors in Southern Illinois with waterworks, sanitary sewer and storm sewer supplies.

The company, which has local ownership, has counter sales and delivery service. It carries a complete line of products such as Clow ductile iron pipe, Kennedy hydrants and valves, A.Y. McDonald brass, and Tyler fittings.

Don Brinker, a 14-year veteran of the waterworks wholesaling business in Southern Illinois, is president of the new company.

WinWholesale Inc. is a supplier of domestic and industrial supplies and materials with more than 470 wholesaling corporations in which WinWholesale is an equity partner, and also ...

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