Advance Estimate: 1Q GDP Decelerates to 1.1% Growth
GDP growth decelerated in 1Q due to a downturn in private inventory investment and a slowdown in nonresidential fixed investment, according to the Bureau of Economic Analysis.
GDP growth decelerated in 1Q due to a downturn in private inventory investment and a slowdown in nonresidential fixed investment, according to the Bureau of Economic Analysis.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Montratec designs and develops automation and transport systems for interlinking industrial production and logistics processes.
The increase reflected organic sales growth of 10.1% for the Swedish bearings manufacturer.
Material resource planning has sufficed in distribution for decades, but it's time to invest in technology that will further improve procurement strategies.
The industrial automation manufacturer saw explosive sales growth in 2Q compared to 1Q.
The change includes a 0.7% increase from acquisitions, offset by a negative 0.3% impact from foreign currency translation.
After a strong finish to 2022, Grainger maintained that momentum in 2023’s first quarter, according to its latest earnings report.