August 2022 shipments came in at $7.16 billion, up from July’s $6.67 billion. Shipments in August traditionally rebound as businesses prepare for back to work (and school) in the fall. If regular seasonality has indeed returned—and last year (and even 2020) it had—then we should expect shipments to continue to rise for the next couple of months until things slow down for the holidays
January to August shipments for 2022 are at $54.54 billion, over 2021’s $53.87 billion. We can certainly lose ground in the next few months, but so far shipments data for 2022 has been very encouraging and we are looking at a better year than 2021.
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