The core June inflation index was up 4.8%, down from May’s 5.3%, and was a bigger decrease than expected.
Association/Buying Group News
Article
ISA Details its 2023 Fall Summit
Held Oct. 18-20 in Orlando, the event provides tailored agendas across tracks of Women in Industry, Emerging Leaders and Channel Pros.
Economic Trends
Article
ABC’s Construction Backlog Holds Steady at 8.9 Months
The South remains the region with the highest backlog, despite being the only region in which backlog declined in June.
Association/Buying Group News
Article
HARDI Voices Support for SMART Energy Efficiency Standards
The bill would change the compliance deadline for regional HVAC standards from the date of installation to the date of manufacture.
Economic Trends
Article
May Wholesale Revenues Down 4% YoY, Inventories Up
May 2023 sales of merchant wholesalers were $650.2 billion, according to data released by the U.S. Census Bureau.
Human Resources
Article
Grainger Releases 12th Annual ESG Report
Grainger’s Environmental, Social & Governance (ESG) Report highlights the industrial supply distributor’s key priorities and initiatives.
Operations
Article
Beacon to Buy Back CD&R’s Investment Stake for $800M
After the transaction, CD&R will continue to own more than 15 million shares of common stock it currently directly holds.
Economic Trends
Article
May U.S. Metalworking Orders Down 16.7% Year-Over-Year
May orders increased 8.6% over April 2023 but fell short of May 2022 orders, according to The Association For Manufacturing Technology.
Manufacturing
Article
RS Adds Suppliers to Expand Smart Manufacturing
RS has expanded its selection of smart manufacturing solutions with the addition of five new suppliers, according to a news release.
Operations
Article
UPS, Teamsters Labor Negotiations Stall as Strike Looms
Negotiations between UPS and the union representing about 340,000 employees stalled July 5 after the parties failed to reach a deal on pay.
Economic Trends
Article
May Factory Orders Hold Steady, Up 0.3% Month-to-Month
New orders for manufactured goods in May increased $1.6 billion, or 0.3%, to $578.0 billion, according to the Census Bureau.
Economic Trends
Article
June Manufacturing PMI Falls to 46.0%
Following a 28-month period of growth, economic activity in the manufacturing sector contracted in June for the eighth consecutive month.

