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The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a sixth straight month in April.
AD members saw their sales increase 6% year-over-year in 2023's first quarter.
Honeywell has acquired Des Moines, Iowa-based Compressor Controls Corporation from Indicor.
Winsupply recognizes its top performing companies in plumbing, HVAC, industrial, electrical, waterworks, pumps, turf irrigation and more.
Codale Electric, a Sonepar company, announced the opening of its new Nampa, Idaho, branch location.
The earnings call comes two weeks after Amazon said its Business segment was driving $35 billion in annualized gross sales by end of 2022.
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.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Montratec designs and develops automation and transport systems for interlinking industrial production and logistics processes.
The increase reflected organic sales growth of 10.1% for the Swedish bearings manufacturer.