The New York Federal Reserve's monthly Global Supply Chain Pressure Index fell to a negative mark in February for the first time since August 2019.
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Exports dropped for a 4th straight month amidst continued weakness in foreign demand, according to China’s General Administration of Customs.
The well-regarded barometer of U.S. manufacturing rose for the first time since August, but remains in contraction territory for the fourth straight month.
Spending, however, was down on a monthly basis in seven of the 16 nonresidential subcategories, according to an ABC analysis.
Members' sales growth for the 12 months through January 2023 was 18.1% percent, according to a HARDI news release.
A new report states a majority of economists now think a would-be recession is coming later than expected. It suggests a softer economic landing as distributors continue to report strong financials.
Driven by a sizable decrease in transportation equipment, it followed a strong 5.1% increase in December.
Year-to-year food prices abated to 11.6%, which is historically high but also the lowest annual increase since October 2021.
December 2022 cutting tool consumption totaled $188.4 million, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
Over the past 12 months, the all-items index increased 6.4% before seasonal adjustment, according to the Bureau of Labor Statistics.
Despite the decline in January, backlog remains elevated by historical standards and is 0.1 months higher than in February 2020.
In the second of a two-part series, John Johnson covers how distributors can take advantage of the movement to reshore sourcing and shorten supply chains.
Despite experiencing a decrease from total orders in 2021, the manufacturing technology industry still recorded its third-best year in 2022.
It was a second-straight record revenue year for the wholesale trade sector. Here, we break down the key latest figures from the U.S. Census Bureau.
What should we expect in economic performance, inflation, labor and more in the next two years? Mike Hockett distills takeaways from Alan Beaulieu’s economic outlook presentation at the NAW Executive Summit.
After getting back on track in December, factory orders are up four of the last five months.
Construction job openings also increased by 82,000 in December, according to an Associated Builders and Contractors analysis.
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.
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.
