If nothing else, we seem to have returned to our regular seasonality. November 2023 shipments came in at $7.24 billion, down from the year’s high of $7.76 billion a month earlier. This should not be cause for concern, as business always drops in November and December as things slow down for the holidays. 

As a result, year-to-date (January to November) shipments for 2023 came in at $73.24 billion, not quite as high as 2022’s $75.69 billion. Although 2023 is likely to finish below 2022 shipments-wise, we can be a scosh optimistic about January 2024.