The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a sixth straight month in April.
Latest In Trends Report
GDP growth decelerated in 1Q due to a downturn in private inventory investment and a slowdown in nonresidential fixed investment, according to the Bureau of Economic Analysis.
Distribution executives commented on their current staffing situations in response to the Baird-MDM 1Q 2023 Distribution Survey.
Major ports across the U.S. saw their volumes drop last month to levels not seen since before the COVID-19 pandemic.
The Producer Price Index fell 0.5% in March, the largest decline since the start of the COVID-19 pandemic in early 2020.
Backlog is down in every region except for the South, which continues to see elevated levels of current and future construction activity.
The Consumer Price Index for All Urban Consumers rose 0.1% in March, down from a 0.4% increase in February.
Year-to-date orders for 2023 totaled $819.6 million, 10.7% below the first two months of 2022, according to a new report.
According to the Labor Department's preliminary jobs report, 11,800 warehouse and storage jobs were lost between February and March.
On a year-over-year basis, industry employment has grown by 196,000 jobs, an increase of 2.5%, according to a recent report.
It followed a 2.1% decrease in January.
Distributors remain confident after a strong 2022 despite signs the economy may be slowing in 2023.
Last year brought the total number of job announcements since 2010 to nearly 1.6 million, according to the Reshoring Initiative.
The index for industrial production remained unchanged in February after increasing 0.3% in January.
Overall construction input prices are 2.6% higher than a year ago, reports Associated Builders and Contractors.
Backlog continues to hover around highs not seen since the beginning of the COVID-19 pandemic.
The figure is significantly above the 6.6% increase in overall nonresidential spending, according to firm Marcum LLP.
The Association For Manufacturing Technology says that may actually be a good thing. Here’s why.
Members' sales growth for the 12 months through January 2023 was 18.1% percent, according to a HARDI news release.
December 2022 cutting tool consumption totaled $188.4 million, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
