The U.S. Federal Reserve Chairman gave his strongest indication yet that the central bank is poised to begin cutting its benchmark interest rate in September.
With demand softness lasting longer than any industrial distributor would prefer, we examine recent executive commentary and numerous economic indicators to make sense of business conditions.
The latest AMT report shows a decrease from May and a 4.2% decrease compared to the same period a year earlier.
Month-to-month, all but two of the U.S. wholesale trade’s 19 sectors saw further regression in our August forecast.
It’s the latest economic indicator that demand remains subdued in the U.S. manufacturing sector.
CEO D.G. Macpherson noted a “slow, but generally stable” demand backdrop.
Despite the month-to-month regression for 2024 and 2025, full-year revenues are still expected to outperform the U.S. GDP by a healthy margin.
The latest AMT report showed a slight decrease from April but a 1.8% increase compared to the same period a year earlier.
Find a synopsis of our Mid-Year Outlook webcast from June 27 and details on new economic reports MDM is set to roll out.
Missing economists’ expectations of an increase, the latest PMI reading indicated contraction for the 19th time in 20 months.
PMA said its members report a general sense of uncertainty over industrial demand, the election outcome, and whether tariffs will increase.
Orders through the first months of the year were up nearly 5% over 2023.
