Economy - Articles - Page 9 | Supply House Times

AD buying group sales up 5.3%

August 10, 2016

Plumbing, HVAC segments show key growth; PVF down 2%.

World commodity prices plummeting

While the crude oil production inversion is impacting the U.S., the American economy’s gross domestic product is slowed.

Morris R. Beschloss

June 23, 2016

This quartet of Brent crude oil, rubber, tin and palm oil couldn’t be more diverse in their overall usage, but all are marching to the same drummer.

Ferguson reports first-half fiscal year sales growth

April 29, 2016

Ferguson reported overall growth of 6.5%, increasing its revenue 4.3% on a like-for-like basis

ASA member distributors report median sales growth

April 29, 2016

American Supply Association distributor members reported a median sales growth of 8% for the month ending Feb. 29, 2016 vs. February 2015.

HARDI distributors report January revenue increase

April 29, 2016

HARDI’s monthly TRENDS Report shows average sales for HARDI distributor members increased by 3.7% in January.

WTI about to surge

This has opened the U.S.-produced West Texas Intermediate crude oil to global penetration — never before even imagined prior to the fracking breakthrough.

Morris R. Beschloss

April 21, 2016

“A veritable boom is in the making for U.S. WTI producers.”

ASA distributor members report continued sales growth

March 30, 2016

The KBIS segment of the event included 531 exhibitors, while estimates put KBIS 2016 attendance up more than 10% compared to last year’s tally.

HARDI distributor members report December revenue increase

March 30, 2016

HARDI’s monthly TRENDS report shows average sales for HARDI distributor members increased by 8.2% in December 2015.

Lifting the oil embargo

After a mediocre fourth-quarter 2015 ending, there are some unexpected flickers of encouragement in the economic arena that may yet turn into a bonfire.

Morris R. Beschloss

February 15, 2016

The 1975 Nixon embargo against U.S. global oil exports has been totally lifted as part of a 2015 year-end bipartisan U.S. budget agreement.

Problems for shale in 2016

Whatever happens, expect a major showdown and clarification of the world’s energy development future to occur this year.

Morris R. Beschloss

January 19, 2016

With negative oil demand/supply inversionhaving reached a low point as 2015 ended, there are increasing signs that the red-hot shale expansion is in a state of re-evaluation.