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Economic Trends

Distributors’ Market Optimism Rises for 2023 Despite Economic Indicators

Distributors and their suppliers say they continue to see strong demand for industrial and commercial products, with no real slowdown in sight.

By Mike Hockett

November 16, 2022

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Perhaps 2023 won’t be so scary after all. At least not for most distributors in industrial and commercial markets. While the greater U.S. economy is still facing a potential economic slowdown in the first half of 2023 — which could dip into recession territory — distributors in the areas of industrial supplies, electrical products, HVAC, plumbing, power transmission and more continue to voice heightened optimism about the prospect for strong customer demand through not just 2022’s closing, but for well into next year. And the numbers are backing up that sentiment. The latest wholesale trade…

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