The news comes the same day as the Federal Reserve announces that interest rates will remain unchanged for now.
The index for shelter was the largest contributor to the monthly all items increase, according to the Bureau of Labor Statistics.
Mike Hockett breaks down the latest economic indicators, wholesale sector data and industry sentiment, which points to improved full-year outlook.
Sales of merchant wholesalers, after adjustment for seasonal variations and trading day differences but not for price changes, were $652.8 billion.
Distributors keeping a close eye on major projects that could impact product demand may benefit from a new government website mapping investments.
New orders of manufacturing technology totaled $336.7 million, according to the latest U.S. Manufacturing Technology Orders Report.
Mentions of reshoring were substantially more common in 1Q earnings calls compared to a year earlier. What are the factors driving the hype?
Construction spending during April was estimated at a seasonally adjusted annual rate of approximately $1.9 trillion.
Pay for S&P 500 company CEOs in 2022 rose just 0.9% to $14.8 million in median compensation, according to an AP study.
The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a seventh straight month in May.
Mike Hockett analyzes the Census Bureau’s latest wholesale trade data and how it compares with commentary MDM has gathered.
Some markets voiced robust 1Q demand while others saw things at least start to slow. Here’s what distribution execs had to say in the 1Q 2023 Baird-MDM Survey.
