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Economic Trends

MDM Forecast: September 2025 Update

Our latest monthly forecast shows a healthy upgrade to the industry’s 2025 revenue outlook after two straight downgrades earlier this summer. As always, results vary across the 19 industry sectors tracked by the U.S. Census Bureau. Get your sector-specific insights here.

September 12, 2025

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The latest monthly MDM Forecast reflects a solid upward revision in projected annual revenues for 2025, while our 2026 projection likewise improved vs. August. We forecast 2025 annual growth for all but two of the 19 wholesale trade sectors as identified by the U.S. Census Bureau, followed by growth for all sectors in 2026. As always, the key value in the MDM Forecast comes from the sector-specific forecasts it provides. The MDM Forecast model uses the U.S. Census Bureau’s revenue data but strips out the broader inclusions of agents and brokers, manufacturers’ sales branches and offices…

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