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Economic Trends

New Data Puts Wholesale Inflation in Perspective

MDM's Mike Hockett shares new Census Bureau data that illustrates the gap between wholesale distributors' reported vs. "real" revenues over the past year.

June 29, 2022

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MDM's Mike Hockett shares new Census Bureau data that illustrates the gap between wholesale distributors' reported vs. "real" revenues over the past year.

MDM’s Mike Hockett shares new Census Bureau data that illustrates the gap between wholesale distributors’ reported vs. “real” revenues over the past year.

As we hit the midpoint of 2022, the consensus is that business conditions are firmly on the downswing after essentially a year-and-a-half of prosperity. An economic slowdown — largely driven by historic inflation — seems to have arrived sooner than many analysts predicted at of the start of the year. We all knew the major U.S. economic growth seen throughout 2021 and 1Q of this year wasn't sustainable and would come back to earth soon, but perhaps not this soon. The Department of Commerce on June 29 released its third estimate of the U.S. first quarter GDP, in which it slightly downgraded…

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