The seasonally adjusted Fastener Distributor Index (FDI) for March was 66, down only slightly from 66.1 in February.
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New orders placed in February also marked a 17.8% increase from the previous month of January, according to the most recent U.S. Manufacturing Technology Orders report.
Wholesale trade shows improvement from same month in 2020 but was down from the previous month of January, according to the latest report from the U.S. Census Bureau.
Year-over-year, the goods and services deficit increased $3.3 billion, or 4.8%, from January.
Association also reports that the average annual sales growth for the 12 months through February 2021 for HARDI distributors is 6.1%.
Construction spending for the second month of 2021 was down 0.8% from the previous month of January.
The March PMI registered 64.7%, up 3.9% from the February reading of 60.8% and marking a 10th consecutive month of expansion.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both increased in February.
The increase in real GDP reflected increases in exports, nonresidential fixed investment, personal consumption expenditures (PCE), residential fixed investment and private inventory investment.
Decrease of manufactured durable goods is the first dip after nine straight months of growth since May 2020.
Latest report shows U.S. cutting tool consumption also down 3.2% from the previous month of December.
Latest Chicago Fed National Activity Index (CFNAI) shows that two of the four broad categories of indicators used to construct the index made negative contributions in February, and all four decreased from January.
But housing starts down compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for January increased 7.1% from the same month last year.
According to the Industrial Production and Capacity Utilization Report, manufacturing output decreased 3.1% during the month.
Wholesale trade shows improvement from same month in 2020 and from the previous month of December, according to the latest report from the U.S. Census Bureau.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of March 1-5 increased 9.1%. This is the final PRI that IRCG will release.
But new orders placed in January marked a 29% decrease from December 2020, according to the most recent U.S. Manufacturing Technology Orders report.
Year-over-year, the goods and services deficit increased $23.8 billion, or 53.7%, from January 2020.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Feb. 22 to Feb. 26 increased 13% as the PRI nears its one-year anniversary and, therefore, its conclusion.
