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ASA Home   Membership   Education   Advocacy   Networking   Benchmarking Jun. 28, 2012

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ASA Distributor Members Continue Growth, Job Creation
American Supply Association    Share   Share on FacebookTwitterShare on LinkedinE-mail article
For the month of May 2012, American Supply Association distributor members showed a 6.4% improvement in revenues as compared to 2011 on a per-day basis; up 21.2% as compared to 2010 and up 16.1% as compared to 2009. The plumbing, heating and pipe, valve and fitting distributors are also up 10.6% on a trailing 12-month basis. Geographically, all regional monthly revenues reflected positive numbers with the South, Midwest and West all showing double-digit growth. Distributors with less than $10 million in annual revenues continued to struggle; reporting a negative 6.1% growth. Those with more than $125 million in annual revenue reported a positive 9.3% increase. The industrial pipe, valve and fitting segment continued to show a very hearty 14.2% growth for 2012 and 17.1% growth on a trailing 12-month basis. More

Affordable Care Act Ruling Update
SCOTUSblog    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As reported on SCOTUSblog today, "The Affordable Care Act, including its individual mandate that virtually all Americans buy health insurance, is constitutional. There were not five votes to uphold it on the ground that Congress could use its power to regulate commerce between the states to require everyone to buy health insurance. However, five Justices agreed that the penalty someone must pay if he refuses to buy insurance is a kind of tax that Congress can impose using its taxing power. That is all that matters. Because the mandate survives, the Court did not need to decide what other parts of the statute were constitutional, except for a provision that required states to comply with new eligibility requirements for Medicaid or risk losing their funding. On that question, the Court held that the provision is constitutional as long as states would lose only new funds if they didn't comply with the new requirements, rather than all of their funding."

ASA Seeking Nominees for Prestigious Fred V. Keenan Lifetime Achievement Award
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
ASA currently is seeking nominees for the prestigious Fred V. Keenan Lifetime Achievement Award. To be eligible for consideration, a nominee should have made a career of service in the PHCP/PVF industry. Wholesalers, manufacturers, independent manufacturer representatives, association executives or other individuals involved in the industry are eligible to receive the award. More

US Manufacturing Growth to Outpace Economy in 2012
Modern Distribution Management    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. manufacturing will leverage solid first quarter momentum to a significant growth increase in 2012, according to the Manufacturers Alliance for Productivity and Innovation U.S. Industrial Outlook, a quarterly report that analyzes 27 major industries. Manufacturing will continue to grow at a faster pace than the general economy in 2012, thanks in part to a 10% annual rate in the first quarter of the year; it will decelerate to an average of 3% the remainder of the year. More

Durable Goods Orders Rise, Weakness Persists
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Demand for long-lasting U.S. manufactured goods rebounded more than expected in May and a gauge of planned business spending increased, but a slowing of growth in the global economy suggests the momentum might not be sustained. China's slowdown and a looming recession in the euro zone have taken some of the shine off the U.S. manufacturing sector, leaving the economy stuck in a soft patch. More

Weak US Job Market Weighs on Broader Economy
The Associated Press via Industrial Distribution    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The sluggish job market is weighing on the U.S. economy three years after the Great Recession ended. And the signs suggest hiring may not strengthen any time soon. A measure of the number of people applying for unemployment benefits over the past month has reached a six-month high, the government said. The increase suggests that layoffs are rising and June will be another tepid month for hiring. Sales of previously occupied homes fell in May. And manufacturing activity in the Philadelphia region contracted for the second straight month in June. More

Construction Employment Declines in 164 Out of 337 Metro Areas Year-Over-Year in May
EC&M    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Construction employment declined in 164 out of 337 metropolitan areas between May 2011 and May 2012, increased in 126, and stayed stagnant in 47, according to a new analysis of federal employment data released recently by the Associated General Contractors of America. Association officials said that construction employment suffers even as Congress continues to debate the possible replacement for a highway and transit bill that expired over three years ago, and other infrastructure and economic measures languish. More

CISA: China Daily Crude Steel Output Rises to 2 Million Tonnes
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
China's steel mills produced an average of 2 million tonnes of crude steel a day over the June 1-10 period, edging back to the record levels reached in early May, as large mills ramped up output, data from the China Iron and Steel Association showed. Total inventories held by large and medium-sized steel mills in the first 10 days of June were 11.51 million tonnes, up 0.14% from the previous period and a 35% jump since the start of the year. More

London Copper Rises Slightly From Six-Month Low
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Copper inched up Monday as European leaders agreed on a package to revive growth in the debt-burdened euro zone, which calmed markets, and as some spot buying emerged in top consumer China, but worries about global economic performance persisted. Benchmark copper on the London Metal Exchange rose 0.3% to trade at $7,335 a tonne in official rings. On Friday it dropped 1.7% to six-month lows of $7,219.50 before paring losses to end the session down 0.4% at $7,310. More

Manufacturers Push Training Standards
Charlotte Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Manufacturing is evolving into an increasingly sophisticated profession requiring workers who can calibrate machinery and are agile in math. Figuring out how to instill those skills in workers could be a key to lowering the unemployment rate and delivering highly productive workers to manufacturers. More

ASA Insights
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