Construction job openings also increased by 82,000 in December, according to an Associated Builders and Contractors analysis.
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We polled distributors to ask if those that lost customers amid the height of supply chain issues in the past few years are starting to see those customers return. See the exclusive results and commentary here.
It was the index's ninth straight month of decline, and third straight in contraction territory.
In our latest QuickTake Podcast, Dorn Group's James Dorn shares how he sees a perfect storm brewing for private label investment as softening inflation and supply chain pressures add tailwinds to its equation.
We polled distributors about how they expect their labor and freight costs to change from 2022 to 2023. See the exclusive results and commentary here.
Overall, construction input prices are 7.9% higher than a year ago, while nonresidential construction input prices are 7.6% higher, ABC said.
The 12.2% sales growth was the slowest monthly increase since July 2021, said HARDI Market Research & Benchmarking Analyst Brian Loftus.
The U.S. hit its debt ceiling on Jan. 19. Here's what that could mean for the economy, and what NAW said it could mean for distributors.
Ahead of MDM's Economic Outlook webcast, Mike Hockett gave a snapshot of a handful of key indicators showing current trajectories.
After reaching its highest total in three years in October, U.S. cutting tool consumption fell in November, but increased year-over-year.
The drop in factory orders followed three consecutive monthly increases.
Year-to-date orders for manufacturing technology orders dropped below 2021 for the first time in 2022, according to AMT's latest monthly report.
The cuts are nearly double the 10,000 layoffs Amazon said it was targeting in November.
The well-regarded barometer of U.S. manufacturing ended 2022 on a sour note, contracting for a second-straight month to its lowest mark since May 2020 when industries were dealing with factory shutdowns.
November's seasonally adjusted annual rate of $1.8075 trillion was 0.2% above the revised October rate.
It’s a significant drop that follows three consecutive monthly increases.
Cutting tool orders were up 11.7% year-over-year in October.
Mike Hockett dives into the numbers for distributors' 2023 expectations and the latest economic indicators for the industrial economy.
Economic data released Dec. 15 show the Chinese economy struggled mightily during the final month of the country's zero-tolerance COVID-19 policy.
Economists had forecasted a 0.1% increase.
