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.
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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.
The MDM Market Snapshot, based on data from MDM Analytics, includes market demand for HVACR in the U.S., plus the top end users by 6-digit NAICS.
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The unemployment rate was 3.6%, according to the U.S. Bureau of Labor Statistics.
Year-to-date, the goods and services deficit decreased 1.7%.
Purchases by member companies from AD supplier partners were up 9% from 2018.
The average annual sales growth for the 12 months through December 2019 is 5.3%.
The New Orders Index registered 52%, an increase of 4.4%.
In the third quarter, real GDP increased 2.1%.