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Latest In Economic Trends
The ABC analysis comes around the same time it was announced that construction prices rose 2.3% in May compared to the previous month.
Construction prices rose 2.3% in May compared to the previous month, and construction input prices are up 21.4% from a year ago.
April 2022 orders of manufacturing technology totaled $513.4 million, the second month in a row surpassing half a billion dollars.
Last year’s momentum carried over into a strong first half of 2022 for many distributors. But a mishmash of headwinds and tailwinds reveal uncertainties for the rest of the year and into 2023, economist Brian Lewandowski and MDM’s Tom Gale discuss in a new webcast.
U.S. manufacturing corporations' seasonally adjusted after-tax profits in the first quarter of 2022 totaled $261.9 billion.
MDM's Tom Gale and Indian River Consulting's Mike Marks discuss what's in store for distributors in 2022's second half.
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The Census Bureau says the international trade deficit was $125.3 billion in March, up from $106.3 billion in February.
Privately‐owned housing units authorized by building permits last month approximately 1.87,000, 0.4% above the revised February rate.
The rising cost of energy sent wholesale prices up a record 11.2% last month, according to the U.S. Bureau of Labor Statistics.
Heating, Air-conditioning & Refrigeration Distributors International released its monthly report, showing 25.1% average annual sales growth.
American Supply Association members who responded to a survey said median sales increased 27% in February versus the same month a year ago.
After 9 straight monthly increases, new orders decreased $2.7 billion, or 0.5%, to $542 billion, according to Census Bureau data.
The personal consumption expenditures index, which is monitored by the Federal Reserve, jumped 6.4% in February.
A new estimate from the Bureau of Economic Analysis says real gross domestic product increased at an annual rate of 6.9% at the end of 2021.
Supply chain issues continue to plague the industry, while persistent inflation and conflict abroad could create additional market chaos. Here's what it means for distributors.
An Associated Builders and Contractors analysis of Producer Price Index data shows construction input prices are up 24.4% from a year ago.
The combined value for January, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,784.8 billion.
Manufacturing technology orders for the month totaled $436.6 million, according to the latest U.S. Manufacturing Technology Orders Report.
