Major Industrial Distributors Don’t Sound Too Concerned About a Downturn

As of this blog post, we’re in the midst of the latest quarterly earnings reporting period for publicly-traded industrial distributors and suppliers, and the figures so far have illustrated an April-June period that saw continued considerable year-over-year sales and profit gains.  This comes as the biggest topic of discussion in the U.S. manufacturing sector seems to be the economy and a pending downturn that many economists expect to result in recession beginning the fourth quarter of this year or 1Q 2023. But if you listen and read the comments shared so far in this reporting cycle by…