August Wholesale Data: 2023-2024 Expectations Further Regress Slightly

Publicly-traded distributors and manufacturers reported their latest fiscal results throughout July and into mid-August, with most of them reporting considerable slowdowns in year-over-year sales growth and narrowing profit margins compared with the past several quarters.  Still, the figures were largely solid on a historical basis for industrial and commercial products suppliers, showing that these sectors are perhaps more resilient to the economic downturn that many had forecasted would have arrived by now.

MDM’S SHIFT Conference, held Sept. 18-20 in Denver, brings together distribution…