According to the MDM/Baird Industrial Distribution Survey, independent industrial distributors experienced 5.9% growth (excluding acquisitions) in the 2nd quarter of 2018. This exceeded the 5.0% forecast from last quarter.
Additionally, pricing accelerated by 2.7%, which reflected both normal and tariff-related increases.
Survey respondents foretasted revenue growth of 5.2% for the 3rd quarter.
For more survey details, click here.