Day: July 24, 2012

Second Quarter MDM-Baird Distribution Survey: Growth Moderates

Expectations for revenue growth in 2012 continued to decline in the second-quarter 2012 MDM/Baird Distribution Survey. On average, survey respondents expect revenue growth of 5.2 percent for the full-year 2012, compared with 5.6 percent in the first-quarter survey. Respondents expect revenues to increase by an average of 5.5 percent in the third quarter.

Actual revenue growth for the second quarter exceeded expectations, with an average increase of 7.5 percent compared with the forecast 7 percent. Cutting tools, PVF – industrial & energy, and safety products saw the greatest growth, while respondents in janitorial/sanitation and plumbing sectors reported...