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Economic Trends

MDM Forecast: 2024 Ticks Up, Followed by Much Better 2025

Month-to-month, the revenue outlook for 2024 improved modestly, while 2025's had a healthy increase. See those figures plus an updated GDP forecast here.

September 11, 2024

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Source: North Coast Electric

Despite numerous economic indicators pointing to continued industrial demand softness, the latest MDM Forecast logged a modest uptick in September for its 2024 revenue outlook, while 2025’s saw healthy improvement. Our outlook for U.S. wholesale distribution revenue now calls for 2024 revenue to increase 2.2% annually compared with 2023, up 0.1 percentage points from August. That’s still down substantially from the 3.6% forecast we had in January, but that aforementioned softness has prolonged much further than anyone expected at the start of the year. Further out, our projection for 2025…

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