News in end use

Total Consumer Credit Declines for Second Month in a Row

According to the latest Federal Reserve’s G.19 Consumer Credit Report, which tracks consumer credit, which excludes loans secured by real estate, through May 2020, consumer credit decreased at a seasonally annual adjusted annual rate of 5.3% from the previous month.

FEA’s Weekly Orders Survey

After late last week’s pause for the 4th of July holiday, dealers responding to this week’s survey, reported an uptick in sales and deliveries to their contractor customers’ job sites.