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Economic Trends

MDM Forecast: Modest July Downshift for Most Sectors

Despite the month-to-month regression for 2024 and 2025, full-year revenues are still expected to outperform the U.S. GDP by a healthy margin.

July 15, 2024

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After considerable improvement in June, the latest MDM Forecast saw modest regression for U.S. wholesale distribution revenue outlooks for both 2024 and 2025, with the majority of its 19 sectors tracked by MDM showing weaker month-to-month projections in July. Our July 2024 forecast calls for 2024 wholesale trade revenues to be up 3.0% annually vs. 2023, compared to 3.3% in our June forecast. Likewise, our projection eyes 2025 revenues at +4.6% vs. 2024, down from 4.8% a month earlier. MDM’s forecast model uses the Bureau’s revenue data but strips out the broader inclusions of agents and…

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