MDM MarketPulse: Market Continues to Outperform in 1Q 2022

An annualized growth rate of 10.6% accelerated across industrial and construction distributors during the first three months of 2022.
MDM MarketPulse 1Q 2022

Momentum from a rebounded 2021 continued through the first quarter of 2022, as distributors in industrial, construction and building materials expanded business by 10.6% during the January-March period compared to a year earlier.

That’s according to the First Quarter Baird-MDM Industrial Distribution Survey, which gathered commentary from more than 500 wholesale distribution executives nationwide.

That mark exceeded expectations for a fifth-straight quarter and accelerated from 4Q 2021’s rate of 9.8%.

Read more by downloading MDM’s MarketPulse report here.

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