Wholesale Revenues in August climbed to $473.1 billion, up 7.2% over 2016, according to the US Census Bureau–continuing the trend of good economic news for industrial distributors.
This was after a July that showed a 5.9% increase over 2016. Most distributors we work with are experiencing a YTD increase of 3 to 5 percent, and have seen even more growth the last few months–but not quite mirroring these numbers. It’s easily the most robust industrial economy we’ve experienced in a decade.
ITR forecasts call for less robust growth next year and in 2019, then buckle up! These next two years will be the time to grab market share, then take it with you for the ride up!