The market appears to be experiencing a quicker turnaround from the pandemic-induced downturn than originally expected.
Research & Analytics
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Sept. 21 to Sept. 25 indicated a 0.7% decrease compared with the same week a year ago.
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) this week released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 4.5% during August.
The decrease in real GDP reflected decreases in PCE, exports, nonresidential fixed investment, private inventory investment, residential fixed investment, and state and local government spending that were partly offset by an increase in federal government spending.
The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both increased in August.
Increase of manufactured durable goods is fourth in a row following the double-digit growth in May, high-single-digit growth in June and double-digit growth in July, which had been preceded by two decreases during the height of the coronavirus crisis.
This issue of MDM Premium features our annual Market Leaders listings of the top distributors in the U.S. See the rankings in key categories, and learn how several of the ranked companies put themselves in a strong market position in 2019 that has fared them well throughout the disruption of 2020.
Latest data shows a 43.2% jump in home sales from the same month a year ago, giving distributors that sell building materials and other construction materials a second straight month good news on this front.
The start of fall has brought some familiar rhythms to the latest batch of economic reports — some good, some bad — and this balance has a familiar feel for wholesale distributors.
Indian River Consulting Group’s weekly PRI for the work week of Sept. 14-18 indicated a sales increase of 4.9% versus the same week in 2019, which is the largest increase outside of a week distorted by a holiday.