Wholesale trade shows improvement from same month in 2020 and was also up from the previous month of June, according to the latest report from the U.S. Census Bureau.
Eric Smith
Former MDM Senior Editor Eric Smith was an award-winning business journalist whose coverage focuses included economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace.
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U.S. Census Bureau’s final report on new orders for manufactured goods shows improvement for 14 of the last 15 months.
Year-over-year, the goods and services deficit decreased $3.2 billion, or 4.3%, from June.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit declined while wholesale inventories increased in July.
Current dollar GDP increased 13.2% at an annual rate, or $693.2 billion, in the second quarter to a level of $22.7 trillion.
The former Micron Technology CFO will serve on the Avnet board’s audit and finance committees.
The decrease, down following two consecutive monthly increases, followed a 0.8% June increase.
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The new branch will be Dakota Supply Group’s 12th location in Minnesota and 44th across six states.
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