The combined value of distributive trade sales and manufacturers’ shipments for December 2021 — adjusted for seasonal and trading day differences but not for price changes — was estimated at $1,717.2 billion, down 0.7% from November, but was up 15.9% from December 2020, according to the U.S. Census Bureau. Manufacturers’ and trade inventories for December […]
Category: December 2021
Goods and Services Deficit Rises in December
The goods and services deficit was $80.7 billion in December, up $1.4 billion from $79.3 billion in November, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. December exports were $228.1 billion, $3.4 billion more than November exports. December imports were $308.9 billion, $4.8 billion more than November imports. The […]
New Residential Construction Rises Again in December
Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,873,000, 9.1% above the revised November rate, according to data released by the U.S. Census Bureau. The December 2021 rate was 6.5% above the December 2020 rate of 1,758,000. Single‐family authorizations in December were at a rate of […]
Wholesale Prices Rose 9.7% in 2021
The U.S. Bureau of Labor Statistics says the Producer Price Index for final demand increased 0.2% in December, which followed advances of 1% in November and 0.6% in October. On an unadjusted basis, final demand prices moved up 9.7% in 2021, the largest calendar-year increase since data were first calculated in 2010, BLS says. In […]
Nonresidential Construction Employment Rose in December
The U.S. construction industry added 22,000 net jobs in December, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. In addition to the monthly increase, the industry overall has recovered slightly more than one million — or 92.1% — of the jobs lost during earlier […]
December 2021 M&A Roundup: Genuine Parts’ Acquisition of Kaman Highlights Month
Genuine Parts Company became the talk of the distribution world in December when it entered into a definitive agreement to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc. The acquisition from private investment firm Littlejohn & Co. has been valued at approximately $1.3 billion in cash, and the transaction is expected to […]
