November 4, 2021

Goods and Services Deficit Rises in September

The goods and services deficit was $80.9 billion in Sept., up $8.1 billion from $72.8 billion in August, according to a new analysis.

Winona, Minnesota-based Fastenal Co. reported October sales of more than $531 million, an 8.9% increase over the same month in 2020.

Electronic components distributor had 2021 third-quarter sales of more than $8.5 billion, an 18% increase over the same period in 2020.

For the third quarter of 2021, the building materials distributor reported net sales of $5.5 billion and net income of $613.1 million.

WESCO International Inc. had 2021 third-quarter sales of $4.7 billion, a 14.2% increase over the same span a year ago.