Last weeks Pulse indicated that more than half of distributors indicated sales were down more than 5% than the previous week.
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Total industrial production fell 5.4% in March, as the COVID-19 pandemic led many factories to suspend operations late in the month.
The energy index declined 5.8% in March, its largest monthly decrease since January 2015.
The MDM Market Snapshot, based on data from MDM Analytics, includes market demand for Welding Gases & Equipment in the U.S., plus the top end users by 6-digit NAICS.
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During the first two months of this year, construction spending amounted to $193.5 billion, 8.2% above the $178.8 billion for the same period in 2019.
Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4%, the U.S. Bureau of Labor Statistics reported.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis has announced that the goods and services deficit was $39.9 billion in February, down $5.5 billion from $45.5 billion in January, revised.
The New Orders Index registered 42.2%, a decrease of 7.6%s from the February reading of 49.8%.
The GDP estimate is based on more complete source data than were available for the second estimate issued last month. In the second estimate, the increase in real GDP was also 2.1%.
Modern Distribution Management's monthly Industrial Inflation Index measures a cross-section of industrial supplies.
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Wholesale revenues, inventories and ratios from January 2020.
Two of the four broad categories of indicators that make up the index increased from January, and three of the four categories made positive contributions to the index in February. The indexs three-month moving average, CFNAI-MA3, decreased to 0.21 in February from 0.11 in January.
The MDM Market Snapshot, based on data from MDM Analytics, includes market demand for Janitorial Supplies in the U.S., plus the top end users by 6-digit NAICS.
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The January decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.6 billion to $67.0 billion and an increase in the services surplus of $0.6 billion to $21.7 billion.
Manufacturing employment changed little during the month.
The average annualized sales growth for the 12 months through January 2019 is 5.5%.
The overall economy grew for the 130th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Current dollar GDP increased 3.5% in the fourth quarter.
Modern Distribution Management's monthly Industrial Inflation Index measures a cross-section of industrial supplies.
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Wholesale revenues, inventories and ratios from December 2019.
