The U.S. Census Bureau and the U.S. Bureau of Economic Analysis said the goods and services deficit was $89.7 billion in January, up $7.7 billion from $82.0 billion in December, revised. January exports were $224.4 billion, $3.9 billion less than December exports; January imports were $314.1 billion, $3.8 billion more than December imports, according to […]
Category: january 2022
‘Mixed Results’ in January for ASA Members
The American Supply Association says members reported “mixed results” from January, as ASA’s monthly sales report revealed another strong performance compared to January 2021 but most respondents cited declines in sales when compared to this past December. For the 12-month period ending January 2022, sales remained strong compared to most of 2020, when there were […]
New Residential Construction Up in January
Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,899,000, 0.75 above the revised December rate of 1,885,000 and 0.8% above the January 2021 rate of 1,883,000, according to the U.S. Census Bureau. Single‐family authorizations in January were at a rate of 1,205,000, 6.8% above the revised […]
Advance Retail, Food Services Sales Rise in January
The U.S. Census Bureau said advance estimates of retail and food services sales for January — adjusted for seasonal variation and holiday and trading-day differences but not for price changes — were $649.8 billion, an increase of 3.8% from the previous month and 13% above January 2021. Total sales for the November 2021 through January […]
Wholesale Inflation Up 9.7% in January
January wholesale inflation was 9.7% higher than the same period a year ago, according to the U.S. Department of Labor’s producer price index. The PPI, a metric that measures inflation before it reaches consumers, rose 1% in January compared to the previous month. The January increase follows jumps of 0.4% in December 2021 and 0.9% […]
Fastenal January Sales Up 20.7%
Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported January net sales of approximately $540.5 million, a 20.7% increase over the same month in 2021. The company’s daily sales were $25.7 million during 21 business days, a nearly 15% jump over January 2021. Fastenal’s January 2022 daily sales growth jumped 14.9% in the U.S., 14.6% in […]
Job Market Surges in January
The U.S. economy created 467,000 jobs in January, according to new Bureau of Labor Statistics estimates, beating economists’ expectations. Employers added 647,000 jobs in November, topping the 249,000 the Labor Department had estimated; employers also added 510,000 jobs in December, ahead of the 199,000 initially forecast. This means heading into 2022, more than 700,000 jobs […]
Manufacturing PMI Drops 1.2 Points
Economic activity in the manufacturing sector grew in January — with the overall economy achieving a 20th consecutive month of growth — and the January Manufacturing PMI registered 57.6%, a decrease of 1.2 percentage points from the seasonally adjusted December reading of 58.8%, according to supply executives in the latest Manufacturing ISM Report on Business. […]
January 2022 M&A Roundup: One Billion-Dollar Deal Finalized as Another Takes Off
January was a relatively light month for mergers and acquisitions in the distribution industry, but two billion-dollar deals stood out among the month’s highlights. Owens & Minor Inc. — a product manufacturing, distribution support and innovative technology services company — agreed to acquire integrated home health care equipment provider Apria for $37.50 in cash per […]