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Economic Trends

Inflation, Freight, Output & Demand: Where Things Stand to Begin 2023

Ahead of MDM's Economic Outlook webcast, Mike Hockett gave a snapshot of a handful of key indicators showing current trajectories.

January 18, 2023

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Economic downturn and Inflation. slowing or worse as inflation rises. stock market slump.

It felt like most of 2022 was filled with an existential economic dread amid so much talk of a pending slowdown in demand. As early as April, I was seeing forecasts for a considerable pullback in industrial demand that was predicted to happen in late 3Q and 4Q. Well, that never really happened. Overall, 2022 wholesale distribution revenue in the 19 industrial, commercial and building products sectors MDM tracks finished at approximately 17% above that of 2021. And while that trails 2021’s growth of 22.6%, last year was another bumper revenue year for most distributors by any account. From…

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