The U.S. Census Bureau has released advance indicators showing that the international trade deficit declined while wholesale inventories increased in April.
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Current dollar GDP increased 11% at an annual rate, or $566.3 billion, in the first quarter to a level of $22.1 trillion
Latest Chicago Fed National Activity Index (CFNAI) shows that three of the four broad categories of indicators used to construct the index made positive contributions in April, but growth slowed from March.
Privately-owned housing starts in April were up 67.3% compared to the same month a year ago, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
ISM’s spring survey of purchasing and supply executives found that expectations are high for the remainder of the year across the manufacturing and service sectors.
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for March increased 18.5% from the same month in 2020.
The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March due to global supply chain issues.
The association also finds that the average annual sales growth for the 12 months through March for HARDI distributors is 8.7%.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both increased in March.
Manufactured durable goods have increased 10 out of the last 11 months, with February the only decline in nearly a year.
The latest quarterly MDM-Baird Industrial Distribution survey shows distributors are paying close attention to pricing inflation, supply chain issues and technology adoption challenges.
MDM-Baird Distribution Survey: Recovery starts to heat up in the first quarter while outlook improves for the rest of 2021.