Subscribe Log in

Economic Trends

MDM Forecast: November 2025 Update

The latest Census Bureau figures - delayed by the government shutdown - resulted in a considerable downward revision for both 2025 and 2026 industry revenue outlook, though still above historical averages. As always, results vary across 19 different product sectors. Get your sector-specific outlook here.

November 14, 2025

Share

EDITOR'S NOTE: This forecast has been updated upon the U.S. Census Bureau's November Wholesale Trade Report that was released on Nov. 21.

The latest monthly MDM Forecast reflected a considerable downward revision for U.S. wholesale distribution revenues in 2025 and 2026 — largely driven by sizeable weakness in the industry's two largest product sectors. Nonetheless, we expect 2025 annual growth for 14 of the industry's 19 sectors that the Bureau identifies, followed by growth in all but one sector in 2026. As always, the key value in the MDM Forecast is the sector-specific forecasts it…

This is a Premium Article

Join NAW to read the full article — plus access to research, data, and intelligence.

As a member, you get:

  • Unlimited premium MDM articles, case studies, and monthly intelligence reports
  • Access to webcasts, podcasts
  • Exclusive whitepapers, research reports, and market data
  • Quarterly M&A, MarketPulse, and Economic Outlook reports
  • Access to NAW Nucleus, NAW SmartBrief, and NAW’s policy and leadership resources

The NAW Professional Membership is $850/year for individuals. It’s the fastest way to unlock this article — and everything else.

Unlock Premium Content


>> Explore all membership options

Related Articles

See More Articles