The U.S. Census Bureau and the U.S. Bureau of Economic Analysis on Thursday announced that the goods and services deficit was $70.1 billion in June, down $3.2 billion, or 4.3%, from $73.2 billion in June, revised. July exports were $212.8 billion, $2.8 billion more than June exports. July imports were $282.9 billion, $0.4 billion less than June […]
Category: Research & Analytics
HARDI Distributors Report ‘Modest’ 9.3% Revenue Increase in July
Heating, Air-conditioning & Refrigeration Distributors International (HARDI), Columbus, Ohio, released its monthly TRENDS report on Thursday, which showed the average sales performance by HARDI distributors increased 9.3% in July after posting an increase of 22.1% in the prior month. The average annual sales growth for the 12 months through July was 17.2%. “9.3% growth looks […]
ISM: Manufacturing Sector Grows Slightly in August
Economic activity in the manufacturing sector continued to grow in August as the overall economy grew for the 15th consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM Report On Business. The August Manufacturing PMI registered 59.9%, which was an increase of 0.4 percentage point from the July reading of 59.5%. “The New […]
Economic Green Shoots Continue to Sprout as Pandemic Rages On
Both macro-economic and industry-specific reports during the past month show that wholesale distribution has emerged from the worst of the coronavirus crisis that raged during the past 18 months. MDM’s recent reporting shows much-needed improvement, although gains could be threatened in the coming weeks and months as the country deals with more COVID cases plus […]
Real U.S. GDP Up 6.6% in 2Q According to ‘Second’ Estimate
Real gross domestic product (GDP) increased at an annual rate of 6.6% in the second quarter of 2021, according to the “second” estimate released Thursday by the Bureau of Economic Analysis. In the first quarter, real GDP increased 6.3%. The second GDP estimate is based on more complete source data than were available for the […]
Advance Report: New Orders for Durable Goods Down 0.1% in July
New orders for manufactured durable goods in July decreased $0.4 billion, or 0.1%, to $257.2 billion, according to the U.S. Census Bureau. This decrease, down following two consecutive monthly increases, followed a 0.8% June increase. Excluding transportation, new orders increased 0.7%. Excluding defense, new orders decreased 1.2%. Transportation equipment, also down following two consecutive monthly […]
