May Wholesale Revenues Down 4% YoY, Inventories Up
May 2023 sales of merchant wholesalers were $650.2 billion, according to data released by the U.S. Census Bureau.
May Wholesale Revenues Down 4% YoY, Inventories Up Read More »
May 2023
May U.S. Metalworking Orders Down 16.7% Year-Over-Year
May orders increased 8.6% over April 2023 but fell short of May 2022 orders, according to The Association For Manufacturing Technology.
May U.S. Metalworking Orders Down 16.7% Year-Over-Year Read More »
May Factory Orders Hold Steady, Up 0.3% Month-to-Month
New orders for manufactured goods in May increased $1.6 billion, or 0.3%, to $578.0 billion, according to the Census Bureau.
May Factory Orders Hold Steady, Up 0.3% Month-to-Month Read More »
May Construction Spending Up 0.5% from April, 2.4% YoY
While overall construction spending rose, nonresidential construction spending decreased for the fist time in nearly a year.
May Construction Spending Up 0.5% from April, 2.4% YoY Read More »
Core U.S. Capital Goods Surprisingly Rise Again in May
The April data was revised lower, however, indicating businesses remained cautious about investing amid economic uncertainty.
Core U.S. Capital Goods Surprisingly Rise Again in May Read More »
Recapping AD’s 2023 Electrical Spring Network Meeting
More than 230 attendees were welcomed at the 2023 AD Electrical Spring Network Meeting in Nashville.
Recapping AD’s 2023 Electrical Spring Network Meeting Read More »
May Producer Prices Eased Sharply to 1.1%
The news comes the same day as the Federal Reserve announces that interest rates will remain unchanged for now.
May Producer Prices Eased Sharply to 1.1% Read More »
CPI: Consumer Inflation Cooled to 4% in May
The index for shelter was the largest contributor to the monthly all items increase, according to the Bureau of Labor Statistics.
CPI: Consumer Inflation Cooled to 4% in May Read More »
Premium Monthly: May Content Highlights AI, Fighting Friction & Choppy Demand
As we near the mid-point of 2023, the hottest topic of conversation in distribution appears to be artificial intelligence. Read more in Premium Monthly.
Premium Monthly: May Content Highlights AI, Fighting Friction & Choppy Demand Read More »
May Manufacturing PMI Signals Faster Contraction
The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a seventh straight month in May.
May Manufacturing PMI Signals Faster Contraction Read More »
May M&A Roundup: 2Q Boost Continues with 37 Deals
As the calendar crawls toward summer, the pace of M&A activity among industrial distributors and manufacturers stays robust.
May M&A Roundup: 2Q Boost Continues with 37 Deals Read More »
China May Factory Activity Contracts Faster than Expected
Economists polled by Reuters had expected China's manufacturing PMI to increase slightly in May.
China May Factory Activity Contracts Faster than Expected Read More »
Metalformers’ Outlook Trends Toward Slower Summer
Metalforming companies are projecting a dip in economic activity heading into the summer, according to the Precision Metalforming Association (PMA).
Metalformers’ Outlook Trends Toward Slower Summer Read More »
S&P: U.S. Sees Fastest Economic Growth in 13 Months Despite Mfg. Cooldown
S&P Global's PMI composite output index rose in May, led by an increase in service activity, according to a new report.
S&P: U.S. Sees Fastest Economic Growth in 13 Months Despite Mfg. Cooldown Read More »
