By Frank Hurtte
River Heights Consulting
Based on conversations with more than a dozen distributors, I have the distinct feeling we are slowly returning to normal. I’m not saying the Corona situation is over. Instead, I am picking up positive signals we are moving in an upward direction.
For those who missed it, here is a quote from the US Federal Reserve dated June 16:
"Total industrial production increased 1.4 percent in May, as many factories resumed at least partial operations following suspensions related to COVID-19. Even so, total industrial production in May was 15.4 percent below its pre-pandemic level in February. Manufacturing output—which fell sharply in March and April—rose 3.8 percent in May; most major industries posted increases, with the largest gain registered by motor vehicles and parts."
While 1.4 percent growth would be nothing to write home about, for those of us looking for positives, it is good news.