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The August PMI registered 56%, an increase of 1.8% from the July reading of 54.2%— and the fourth consecutive month of expansion.
The July figure is 0.1% above the revised June estimate and 0.1% below the July 2019 figure; year to date, construction spending is up 4%.
MRO distributor Lawson Products pulls the trigger on its largest acquisition in five years with the addition of Texas-based Partsmaster.
Following recent purchase of HD Supply Holdings’ White Cap division, private equity firm CD&R makes second big play in distribution with addition of major ERP provider.
MRO distributor MSC Industrial Supply Co. named Kristen Actis-Grande to executive vice president and CFO.Â
The U.S. Census Bureau on Friday released advance indicators showing that the international trade deficit increased and that wholesale inventories dipped in July.
Richard Landry named to key sales position at Sonepar-owned electrical distributor.
Packaging products supplier TricorBraun has agreed to acquire Price Container and Packaging, a rigid packaging distributor serving primarily the industrial and food markets.
HARDI members also report Days Sales Outstanding (DSO) — a measure of how quickly customers pay their bills — hit a record low of 39 days during the month.
The decrease in real GDP reflected decreases in PCE, exports, nonresidential fixed investment, private inventory investment, residential fixed investment, and state and local government spending that were partly offset by an increase in federal government spending.
