The 2020 Mid-Year Economic Update_long

Research & Analytics

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Research & Analytics

Real U.S. GDP Up 33.1% in 3Q According to Advance Estimate

In the second quarter of 2020, when COVID-19 was decimating the U.S. economy, real GDP decreased 31.4%.

Research & Analytics

IRCG Weekly Pandemic Revenue Index Shows 6.8% Increase

Excluding an outlier, the overall sales change is still positive but at 1.3%.

Research & Analytics

Census Bureau Releases Two Advance Economic Indicators for September

The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both decreased in September.

Durable Goods September 2020
Research & Analytics

Advance Report: New Orders for Durable Goods Up 1.9% in September

Increase of manufactured durable goods is the fifth in a row following the double-digit growth in May, high-single-digit growth in June, double-digit growth in July and low-single-digit growth in August — all of which had been preceded by two decreases during the height of the coronavirus crisis.

Chicago Fed National Activity Index September 2020
Research & Analytics

Chicago Fed National Activity Index Declines to +0.27 in September

Latest Chicago Fed National Activity Index (CFNAI) shows that three of four broad categories of indicators used to construct the index made positive contributions in September, but all four categories decreased from August.


Download this Issue as a PDF: October 25 2020

Our last quarterly data issue of 2020 includes promising stats on the future state of the economy, with some work left to do to get the industry back to where it was pre-pandemic. Dive into the latest MDM-Baird Distribution Survey results, as well as a preview of our MDM Analytics market forecast and wholesale revenues, sales and inventory trends data.

graphic of economic instability with covid-19 coronavirus in the background
Research & Analytics

Is the V-Shaped Recovery for Real?

The market appears to be experiencing a quicker turnaround from the pandemic-induced downturn than originally expected.

digital bars representing the stock market with lighting behind

MDM Revised Forecast: 3Q Shaping a V-Swoosh Recovery

Consumer behavior is playing a role in speeding economic recovery.

Cutting Tool Consumption August 2020
Research & Analytics

U.S. Cutting Tool Consumption Drops 33.5% in August

Latest report shows U.S. cutting tool consumption down 0.2% from previous month of July, while year-to-date total is down 23.4% from same period of 2019.

Research & Analytics

Pandemic Revenue Index Ticks Up 2.6%

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct. 12 to Oct. 16 indicated a 2.6% increase compared with the same week a year ago.