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Economic Trends

MDM Forecast: May 2025 Update

The latest MDM Forecast reflects an overall downward revision in 2025 revenue expectations in the wake of tariff impacts, though still in line with the industry's historical average. As always, results vary across the 19 industry sectors tracked by the U.S. Census Bureau. Get your sector-specific insights here.

May 15, 2025

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2022 forecast strong despite inflation

2022 Forecast Remains Strong Despite Inflation

The latest monthly MDM Forecast reflects a downward revision in projected full-year revenues for 2025, while showing an upward adjustment for 2026 vs. our April update. All but four of the 19 industry sectors tracked project annual growth in 2025 — the same as April. As always, the key value in the MDM Forecast comes from the sector-specific forecasts it provides. The MDM’s Forecast model uses the U.S. Census Bureau’s revenue data but strips out the broader inclusions of agents and brokers, manufacturers’ sales branches and offices, importers and exporters — focusing exclusively on wholesale…

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