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Economic Trends

July Wholesale Data: Expectations Weaken for 2023 2H and 2024

Full-year revenue expectations soured for a second-straight month, falling from a slight gain to decline. Mike Hockett recaps those figures and more.

July 11, 2023

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As we at MDM continue to hear more distributor sentiment of cooling demand for industrial, commercial and construction/building supply products, the latest wholesale trade data from the U.S. Census Bureau indicates weakened revenue expectations for the second half of 2023 and 2024. That Bureau data, released July 10 and compiled for MDM by Brian Lewandowski, Executive Director of the Business Research Division at the Leeds School of Business, University of Colorado Boulder, showed a second consecutive month-to-month regression, and a considerably bigger one.

July 13 Webcast: MDM's 2023…

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