HARDI members reported an 11% increase in sales with expectations of continued growth if inflation and mortgage rates ease.
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The October increase followed decreases in September and August.
Government data showed a third straight monthly increase in October, and accelerated from the previous two.
While still in contraction territory overall, the November report showed a healthy increase in new orders and employment.
The PMA report shows that metalforming manufacturers maintain a guarded yet optimistic economic outlook.
The October gain was driven by a 0.5% increase in transportation equipment, following two straight monthly decreases.
With a market size estimated at $907 billion in 2024, the MRO industry continues to be a critical component of the U.S. economy. In this year's U.S. MRO Market Trends Report, we define a market that has demonstrated remarkable resilience amid global economic fluctuations.
Trump also vowed to raise China tariffs beyond his campaign pledge of 60%.
Month-to-month sentiment varied widely by those who identified as Republican and Democrat in the wake of the Nov. 5 U.S. election.
ABC reported increases in all three subcategories: natural gas, unprocessed energy materials and crude petroleum.
Consumption decreased month-to-month, following a healthy gain in August.
Inventories decelerated from identical increases of the previous three months, while sales had a modest acceleration.
Hurricanes Francine, Helene and Milton hampered housing starts in September and October in the South, while the Northeast also struggled.
It followed similar declines in September, hampered by the machinists' strike at Boeing and the effects of multiple hurricanes.
A new labor department report shows workplace injuries and illnesses dropped to their lowest levels since 2003.
The company said it is preparing to adjust pricing and supply chains to mitigate the impact of Trump administration tariffs.
Monthly wholesale inflation increased modestly in October month-to-month year-over-year, following an increase in consumer prices.
Things moved more optimistically overall in our latest forecast update for both 2024 and 2025 revenues.
