FOR IMMEDIATE RELEASE
May 7, 2019
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Media Contact
Lauren Willett
312.673.4891
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NBMDA Releases Q1 Industry Reports
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- In the Spring 2019 Quarterly Economic Trend Report, highlights include: (1) The U.S. Industrial Producton business cycle will trend downward into at least late 2019, (2) Expect decline in U.S. Industrial Producton and U.S. Nondefense Capital Goods New Orders (excluding aircraft) to take hold in the second half of 2019 and extend into early 2020, and (3) Expect growth for the remainder of 2020. While the decline will likely be mild and manageable, those with firms that move coincident with the economy will need to exercise self-discipline.
- In the Homecenter Industry Update, highlights include (1) The unfavorable weather across most regions in the US looks to have been a significant limiting factor in the first half of Q1, (2) Sales are expected to shift out of Q1 and into Q2 to reflect the impact of a later than expected Spring selling season, and (3) Home Depot continues to execute at a high level, but the approach to inventory has been more measured over the last 30 days.
- In the Industrial Distribution Update, highlights include (1) March sales across our industry survey were reported up 7 percent vs 6 percent in February, (2) Pricing was reported up 1.1 percent vs up 1.5 percent in February, with overall price realization disappointing relative to broader inflation, and (3) the 2019 outlook was again unchanged at up 7 percent, inline with estimates for the group.
- In the Non-Residential Construction Update, highlights include (1) Stable near-term project activity with growth still trending up 3-5 percent driven by strength in institutional demand, (2) The 2019 outlook remains unchanged with expectations for low-single-digit growth, and (3) Labor shortages continue to be a headwind as capacity constraints appear to limit activity.
- The April 2019 Transportation Trend Analysis from the Cleveland Research Company provides you will new insights on U.S. trucking, rail and global airfreight and containerized ocean traffic.
"Our strategic partnerships allow us to provide information and research to our members," said Kevin Gammonley, NBMDA Executive Director. "The data from these reports help our members gain a c
ompetitive advantage that will help them differentiate themselves in the marketplace."
These reports are available exclusively to NBMDA members through the
Members Only section
of the NBMDA website. For more information, visit
www.nbmda.org or contact NBMDA Headquarters at
312.321.6845.
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About NBMDA
NBMDA is a trade association representing the leading wholesale distributors of wood panels, surfacing materials, cabinet hardware, finishes and related interior products. Membership is comprised of distributors and suppliers that serve the independent building material, and kitchen and bath dealer as well as those that serve production companies involved in cabinetry, architectural woodwork, stock woodwork, store fixtures, solid surface fabricating, plastics fabricating, general and specialty woodworking industries. For more information, visit www.nbmda.org.
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