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Economic Trends

MDM Forecast: November 2024 Update

Things moved more optimistically overall in our latest forecast update for both 2024 and 2025 revenues.

November 12, 2024

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The U.S. presidential election has come and gone, but it will likely be at least another month before we start seeing how its outcome will impact forecasts for wholesale trade revenue. The latest monthly update to the MDM Forecast shows an overall improvement in 2024 full-year sentiment, with most of the industry’s 19 sectors showing a month-to-month rise in revenue outlook. Meanwhile, 2025 continues to look more rosy, with the vast majority of sectors likewise improving for revenue prospects. The MDM’s Forecast model uses the U.S. Census Bureau’s revenue data but strips out the broader…

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