The 2020 Mid-Year Economic Update_long

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Advance-economic-indicators-September-2020
Research & Analytics

Census Bureau Releases Two Advance Economic Indicators for September

The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both decreased in September.

SiteOne Landscape Supply
Operations

SiteOne Sales Jump 15% in 3Q

Landscape supply distributor SiteOne Landscape Supply Inc. also saw net income increase 39% to $48.2 million as the company benefited from two acquisitions during the quarter.

Applied 1Q 2021
Operations

Applied Industrial’s 1Q Sales Down 12.7%

Tough times continued for Applied Industrial Technologies in the company’s fiscal first quarter; the company’s sales dipped 12.7% and profit fell 10.3%.

Systemax
Operations

Systemax Sales Up 17.1% in 3Q

Systemax, the parent of Global Industrial, reported profit nearly doubled to $24.1 million as the company notched all-time highs in quarterly operating profit and operating margin.

SKF 3Q 2020
Operations

SKF Sales Down 11.6% in 3Q

Bearings manufacturer sees sales drop 14.7% in first nine months of 2020 as soft demand environment continued to hit the company’s top-line performance.

3M
Operations

3M’s Sales Up 4.5% in 3Q

Health care sales were strong with 25.5% growth, while safety and industrial group sales of $3 billion were up 6.9%.

Durable Goods September 2020
Research & Analytics

Advance Report: New Orders for Durable Goods Up 1.9% in September

Increase of manufactured durable goods is the fifth in a row following the double-digit growth in May, high-single-digit growth in June, double-digit growth in July and low-single-digit growth in August — all of which had been preceded by two decreases during the height of the coronavirus crisis.

MSC Industrial HQ
Operations

MSC’s Sales Down 5.1% in Fiscal 2020

Industrial distributor’s sales decline 11.3% in the fiscal fourth quarter ended Aug. 29 compared to year-ago period while profit dips 21.2%.

Chicago Fed National Activity Index September 2020
Research & Analytics

Chicago Fed National Activity Index Declines to +0.27 in September

Latest Chicago Fed National Activity Index (CFNAI) shows that three of four broad categories of indicators used to construct the index made positive contributions in September, but all four categories decreased from August.

Technology

Download this Issue as a PDF: October 25 2020

Our last quarterly data issue of 2020 includes promising stats on the future state of the economy, with some work left to do to get the industry back to where it was pre-pandemic. Dive into the latest MDM-Baird Distribution Survey results, as well as a preview of our MDM Analytics market forecast and wholesale revenues, sales and inventory trends data.

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