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Economic Trends

Top Distributors Point to Strong Demand as Forecasted Downturn Pushes Out

A new report states a majority of economists now think a would-be recession is coming later than expected. It suggests a softer economic landing as distributors continue to report strong financials.

February 27, 2023

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If you've been following

recent earnings reports

from top industrial distributors and manufacturers, it's apparent that some companies anticipate only minor or moderate temporary impacts on sales growth, demand strength and other performance metrics as a result of a predicted economic downturn sometime this year. And while many believe a slowdown is inevitable, a new report states that most U.S. economists now think any so-called "recession" is coming later than expected. This could be good news for those in industrial markets who already are anticipating continued healthy demand as 2023 moves…

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