The 2020 Mid-Year Economic Update_long

MDM Survey: Economy Sparks Concern

More than 50% of MDM readers are concerned"about the state of the economy, and 27% in a recent MDM survey saying they are "very concerned."About 45% expect the economy to grow worse over the next six months. About the same number expect the economy to stay about the same in the next six months.

The results are part of the MDM Reader Survey on the Economy, conducted in the last two weeks of February.

Overall, results were mixed and, it seems, dependent on customer segment. The two most cited segments in which respondents are seeing slowdowns were building materials/construction and automotive.

Others mentioned slowdowns in any market tied to residential construction, including electrical, HVAC, appliances, plumbing, flooring, and machinery ...

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