Recent economic reports show upward momentum for the overall U.S. economy and the wholesale distribution industry in particular, but not all data points paint a rosy picture, indicating recovery will be a slog.
June 9, 2020
Construction and industrial sales decreased 1.1% in the fiscal first quarter.
The industrial distributor said preliminary fiscal third-quarter sales were $835 million, which would mark a 3.6% decrease from year-ago period.
Distributor expects negative impact from COVID-19 to be reflected in second quarter results.