Year-to-date orders for 2023 totaled $819.6 million, 10.7% below the first two months of 2022, according to a new report.
Walmart said it expects about 65% of its stores to be serviced by automation by the end of its fiscal year 2026
Distributors have consistently voiced market optimism in recent months, but one of the leading economic indicators is cause for concern.
Last year brought the total number of job announcements since 2010 to nearly 1.6 million, according to the Reshoring Initiative.
Cutting tool consumption totaled $196.2 million, according to the USCTI and the Association For Manufacturing Technology.
There was an unexpected drop in producer prices in February, and January’s price rise was not as large as initially anticipated.
Manufacturers’ and trade inventories for January 2023 were down 0.1% from December 2022 — but up 11.1% from January 2022.
Over the past 12 months, the all-items index has increased 6% before seasonal adjustment, according to the Bureau of Labor Statistics.
The figure is significantly above the 6.6% increase in overall nonresidential spending, according to firm Marcum LLP.
Mike Hockett breaks down the latest U.S. Census Bureau’s wholesale trade data, covering revenue expectations and trends, inventory and more.
Exports dropped for a 4th straight month amidst continued weakness in foreign demand, according to China’s General Administration of Customs.
A new report states a majority of economists now think a would-be recession is coming later than expected. It suggests a softer economic landing as distributors continue to report strong financials.
