Most economic news good for distributors
Product DetailsOf course, as soon as the economy starts gaining enough airspeed for takeoff, pessimists start questioning whether the runway is long enough. While most numbers continued positive into July and August, U.S. unemployment still seems to be the main damper on business spending.
Here's a snapshot of some key numbers and trends the past few months:
- Though well off June's big 1.6% increase from May, a 14-month high, wholesale trade sales in July increased 0.4% to a seasonally adjusted $238.7 billion, the Commerce Department reported. Year-over-year wholesale trade sales were up 2.6% in May, 3.9% in June, and 3.9% in July. Compared to last month, durable goods were led by sales of lumber and other construction materials (+3.9%) and sales of furniture and home furnishings ...