The American Institute of Architects (AIA) reported the October ABI score was 51.7, up from a score of 49.1 in the previous month. This score reflects an increase in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings).
COLUMBUS, Ohio – Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing average sales for HARDI distributor members declined by 1.5 percent in August 2017.
Real gross domestic product (GDP) expanded by 2.6 percent on a seasonally adjusted annualized basis during the year’s second quarter, according to Associated Builders and Contractors Inc.’s (ABC) analysis of data released by the U.S. Bureau of Economic Analysis. Nonresidential fixed investment, a category of GDP embodying nonresidential construction activity, expanded at a 5.2 percent seasonally adjusted annual rate. This follows a 7.2 percent expansion during the first quarter.
Finally, and at long last, we are entering a time of high growth. This information comes not just from anecdotal reports from distributors across the country but also from some pretty respected economists. While speaking to the National Association of Wholesale/Distributors Executive Summit, economist Alan Beaulieu of ITR Economics confirmed much of what distributors were noticing in their local territories: business is expanding.
While there was a definite period of growth in the years immediately following the big economic storm, recent years have been mostly flat. The economy has moved, but it was definitely slow growth. While most distributors have only been able to maintain their sluggish margin position, reports from nearly every sector indicate faster growth on the horizon for the next year and a half.
HARDI announced the complete lineup for its Strategic Leadership & Finance Focus Conference April 9-11 in Memphis, TN. The Strategic Leadership & Finance Conference is a hybrid of the past Strategic Leadership Focus Conference content and finance topics and speakers that have been added.
The deficit under current law is projected to be larger this year, but smaller over the 2017 – 2026 period, than CBO projected in March. Since January, CBO has reduced its projections of GDP growth and interest rates over the coming decade.
It’s that time of the year again when Distribution Center magazine brings you the broadest landscape possible about the nation’s budget: where we are and where we’re going.
The macroeconomic indicators for the U.S. economy are decidedly mixed. U.S. industrial production is growing at a slowing rate, as is U.S. gross domestic product, but the sluggishness in industrial production is more pronounced and thus makes the news cycle and impacts perception.
