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Economic Trends

MDM Forecast: Most Sectors Slide in May Update

All but two of the 19 wholesale distribution sectors we track moved more pessimistic month-to-month in our May forecast for 2024 revenue growth, which moved into lower single digits.

May 13, 2024

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The latest MDM Forecast saw a considerable decline in the overall 2024 revenue outlook for U.S. wholesale distribution, with most of its 19 sectors tracked by MDM reverting down in our May update to the monthly feature. Our latest forecast now calls for 2024 revenues to be up 2.7% annually, compared to 4.5% in our April edition. Conversely, our forecast projects 2025 revenues to be up 4.3% annually, up from 4.1% a month earlier. MDM’s forecast model uses the Bureau’s revenue data, but strips out the broader inclusions of agents and brokers, manufacturer’s sales branches and offices…

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