The 2020 Mid-Year Economic Update_long

Day: June 25, 2020

GDP 1Q

First-Quarter U.S. GDP Down 5% According to Third Estimate

Real gross domestic product (GDP) decreased at an annual rate of 5 percent in the first quarter of 2020, according to the “third” estimate released Thursday by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent. The GDP estimate released Thursday was based on more complete source data than were available …

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stock market chart on computer_b&w

IRCG’s Weekly Pandemic Revenue Index Declines Again

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of June 15-19 indicated an 5.7% decrease compared with the same week a year ago.   Source: IRCG.com The index is still showing sales volatility among the distributors participating in the index, though the decline moderated from the previous week. “It appears …

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ZSi-Foster Acquires Hydra-Zorb

ZSi-Foster Completes Acquisition of Hydra-Zorb

ZSi-Foster Inc., an Ideal Tridon company, announced Thursday that it has completed the acquisition of Hydra-Zorb Co. Financial terms of the deal were not disclosed. Headquartered in Auburn Hills, Michigan, and founded in 1972, Hydra-Zorb makes pipe, hose and tube clamping for the hydraulic, HVAC, plumbing and refrigeration markets. “The Hydra-Zorb organization is excited to …

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