U.S. Manufacturing Productivity Rose 2% in 4th Quarter of 2018
According to Industrial Supply Magazine, the manufacturing sector labor productivity increased 2.0 percent in the fourth quarter of 2018, as output increased 2.7 percent and hours worked rose 0.8 percent. The U.S. Bureau of Labor Statistics reported today that productivity increased 3.3 percent in the durable manufacturing sector and 1.9 percent in the nondurable manufacturing sector in the fourth quarter […]
10.5 Quick Tips to Help You Claim More Co-op Marketing Funds!
Rivet|MRO was featured in the March/April edition of Industrial Supply Magazine article, Stop Throwing Money Away. Here’s the text of the story: STOP THROWING MONEY AWAY by Tim Rasmussen What if I told you that your distributorship intentionally threw away a $30,000 check every year? That’s if you’re lucky. Chances are, the check your distributorship […]
December Orders of Manufactured Goods Almost Reach $500 Billion
According to Industrial Supply Magazine, new orders for manufactured goods increased $0.3 billion, or 0.1 percent, to $499.9 billion in December. The increase followed a 0.5 percent November decrease. New orders for manufactured durable goods increased $2.9 billion or 1.2 percent to $254.1 billion. New orders for manufactured nondurable goods decreased $2.6 billion or 1.0 percent to $245.8 billion. […]
Rivet|MRO Featured in TED (The Electrical Distributor) Magazine
Click here or on the image below to read the March 2019 Sales Spotlight article in TED Magazine featuring Rivet|MRO founder, Tim Rasmussen. The article explores how distributor sales and marketing teams can work better together.
U.S. Manufacturing Technology Orders Increased by 19% in 2018
According to a recent Industrial Supply Magazine article, U.S. manufacturing technology orders rose by 19% last year, with $5.5 billion in total orders. December orders of $443 million were down two percent from November and six percent from December 2017. The November to December drop was only the fourth time in the program’s 23-year history that […]
December U.S. Cutting Tool Consumption Rose 12.5 % in 2018
According to a recent Industrial Supply Magazine article, U.S. cutting tool consumption rose 12.5% in 2018. The total spend was $2.47 billion last year. Additionally, U.S. cutting tool consumption rose 8.1% in December. This represents an increase spend of $189.1 million vs. $175 million in December of 2017. Click here for more details.
Manufacturing Productivity Rose 1.3% During 4th Quarter of 2018
According the US Bureau of Labor Statistics, the manufacturing sector labor productivity increased 1.3 percent during the fourth quarter of 2018, as output increased 2.3 percent and hours worked increased 1.0 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the fourth quarter of 2017 to the fourth quarter of […]
3 Reasons to See a Silver Lining in the Slowing Economy
According to Brian Beaulieu, CEO of ITR Economics, there are actually three reasons to see a silver lining in the economic slowdown he expects to happen in the US this year: Interest rates in general will likely level off/decline The cost of carrying the national debt will abate in 2019 Housing affordability will likely temporarily […]
Industrial Distributors Predict 4% Growth in 2019, According to Baird Survey
Industrial Distributors surveyed by Baird think they will continue to grow in 2019, albeit at a slower pace of 4% vs 5.9% last year. Here are some of the highlights of the 2019 Distribution Industry Outlook: 2018 Q4 revenues were up 5.9%, 2019 Q1 outlook is +4.1% General MRO was up 6.8% in 2018 Metalworking/Cutting […]
2018 Price-Adjusted Manufacturing Production Increased by 3.44%
According to a recent Industry Today article, US Manufacturing saw continued growth last year—in fact, it’s best overall percentage growth since the initial recession rebound in 2010. Here are some of the key measures from 2018: Price-adjusted production: +3,44% Manufacturing payrolls: +2.37% (the biggest increase since 1993) Durable Goods: +5.27% Non-Durable Goods: +1.56% Primary Metals: […]
