Wholesale Revenues Went up 2.7% in April Compared to Last Year
According to the U.S. Census Bureau, wholesale revenues were up 2.7% in April 2019, compared to April 2018. The total revenues of April were $503.1 billion. When breaking down the wholesale data by product categories, two categories demonstrated the highest growth compared to last year. They are, hardware, plumbing, & heating equipment sales—up 5.8% compared […]
Overall Manufacturing Production Up 0.89% in May: Impacts of China Tariffs on the U.S. Manufacturing Remains Unclear
US manufacturing production was up 0.89% from April to May, showing less of an impact from President Trump’s tariffs on steel and aluminum imports than expected. Compared to other manufacturing, metals-using industries demonstrated slower growth. Meanwhile, Boeing’s bans on 737 Max models decreased the use of machinery and fabricated metals products. How the tariffs imposed […]
Yujing Lin Joins Rivet|MRO as Marketing Intern
Yujing Lin has joined Rivet|MRO as a marketing intern for the summer of 2019. Lin graduated from the University of Missouri School of Journalism with a dual degree in strategic communications and psychology in May 2019, and joined Rivet|MRO after her graduation. When she was still in school, Lin worked as a social media specialist […]
US Manufacturing Slows to Lowest Level of Trump Administration, but Still Shows Growth
According to a recent Industry Today article, the Institute for Supply Management’s Purchasing Manager’s Index (PMI), fell to 52.1 in May, down from 52.8 in April. Anything over 50 represents growth. While the index still showed manufacturing growth, it is the lowest level the PMI has reached during the Trump administration.
US Consumer Sentiment Reaches 15-Year High
While there may be some signs of a slowing economy, apparently US consumers aren’t buying it—but that’s about the only thing they’re not buying. Beating all expectations, the University of Michigan’s consumer sentiment index rose to 102.4 this month. (A recent Bloomberg survey of economists projected the index would hold at 97.2.) Click here for […]
ITR Economics: US Industrial Production Will Peak Soon, Dip Slightly, then Rise Steadily through 2021
According to the ITR Economics May 2019 Trends Report, industrial growth will peak in the middle of this year and then dip slightly. However, it should rebound past the mid-year high by year’s end and rise steadily through 2020 and 2021.
Recent Survey Shows 81% of Manufacturing Engineers Have LinkedIn Account
While the industrial channel has been slow to adapt social media as a regular marketing emphasis, it appears industrial end-users have embraced at least one social media outlet, LinkedIn. In the 2019 Social Media Use in the Industrial Sector study by IEEE GlobalSpec, 81% of engineering and technical respondents who work in the industrial sector […]
Institute for Supply Management Manufacturing Index Shows Growth for 120th Consecutive Month, but Falls to 52.8, Indicating Slowing Growth
While US manufacturing slowed in April, it did continue to expand, according to the Institute for Supply Management (ISM) manufacturing index. The index fell from 55.3 to 52.8, its lowest level since late 2016. (Any index score above 50 represents economic expansion.) This was the 120th consecutive month of US manufacturing growth, according to the […]
Just 4% of Distribution & Manufacturing Emails Are Flagged as Spam vs. 14% for All Industries
Email marketing is a key tool for most industrial distributors and manufacturers. As such, spam reporting is an important measure for these email marketers. So, how does our sector stack up? Surprisingly well, it turns out. Return Path recently examined more than 6.9 billion commercial emails sent by more than 17,000 brands in 2018 and […]
U.S. Manufacturing Has Grown for 31 Consecutive Months
From Industrial Supply Magazine: U.S. manufacturing expanded in March after a decline in February, according to the Institute for Supply Management. ISM’s monthly index registered 55.3 percent in March, an increase of 1.1 percentage points from the February reading of 54.2 percent. “This indicates growth in manufacturing for the 31st consecutive month. The PMI reversed a […]
