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01/23/2017

NAHAD Trends Report - Optimism Remains for 2017

big iconThis month’s NAHAD Industry Trends Survey Report continues to highlight an improving industrial backdrop as the inventory destocking cycle appears to be behind us and headwinds from energy and OEM verticals are on the mend. While the improvement to date has been modest, the notable uptick in optimism and outlook for 2017 over the past two months suggests the pace of recovery could be more robust than we had previously expected following this long, drawn-out downturn.

•             Sales improved moderately from down 4% in 3Q to down ~1% in 4Q. Sales in December fell 2% following a 1% increase in November.

•             For the 2nd consecutive month, distributors and manufacturers raised their full year outlook for 2017 with average growth now seen up 5-6% up from 4-5% last month and an initial outlook of up 3%.

•             For the first time in two years Oil & Gas was not the worst end market and has been surpassed by mining, although both remained in negative territory.

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February 28 - March 2, 2017

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Indianapolis, IN


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