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Another sign that the manufacturing sector is holding up

Which direction is the US economy headed?

Here's another sign of improvement. Industrial product maker and solid manufacturing barometer Fastenal yesterday reported a 9.6% y/y improvement in February sales.

Notably, that's not adjusted for inflation so pricing is a big part of the rise. That said, manufacturing is the one area of the economy that's widely believed to be in recession and slowing, due to the bullwhip effect. There might be some company-specifics here but overall, it... Read More

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Posted: Mar 7 2023, 14:44

Author Name: forexlive

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