The industry added 22,000 net jobs in December, and the industry has recovered slightly more than 1 million of the jobs lost in 2020.
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The deficit was $80.2 billion in November, up $13 billion from a revised $67.2 billion in October, according to the latest report.
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In MDM's first 2022 podcast, we explore three factors for how smaller distributors can gain competitive advantage against larger competitors.
Economic activity in the manufacturing sector grew in December, though the PMI dropped 2.4 points from November.
November 2021 construction spending was estimated at $1,625.9 billion, a 0.4% increase over the revised October estimate.
The international trade deficit was $97.8 billion in November, while exports were down $3.3 billion, according to a Census Bureau report.
Led by slower growth in production-related indicators, the Chicago Fed National Activity Index decreased to +0.37.
The Consumer Price Index has seen its largest 12-month increase in nearly four decades, according to recently released federal data.
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Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000.
The combined value of distributive trade sales and manufacturers’ shipments for October was estimated at $1,709.1 billion.
Estimates of U.S. retail and food services sales for November were $639.8 billion, an 18.2% increase over the same period in 2020.
The U.S. Bureau of Labor Statistics says wholesale prices in November were up 9.6% from a year ago, the biggest 12-month jump since 2010.
The Census Bureau says seasonally adjusted after-tax profits in the third quarter of 2021 totaled $254.6 billion.
Analytics on transactional data, sales force input and customer input via surveys and interviews can all inform customer buying criteria.
Sales of wholesale merchants in October were up 22.2% from last year, according to data released by the U.S. Census Bureau.
The November seasonally adjusted Fastener Distributor Index of 57.6 was driven primarily by ‘better seasonally adjusted selling momentum.’
What seems to endure is customers’ desire to work with partners they can rely on, with people they can trust.