ASA Insights
Nov. 2, 2012

Election Day is Less Than a Week Away — Get the Resources You Need Today!
American Supply Association
With less than one week until Americans chose their next president, millions of voters already have taken advantage of the opportunity to vote early or by absentee. For those of you who have not voted, and remain undecided, visit the Advocacy section of www.asa.net for all of your last-minute needs. At our "Voting Center," voters can learn the latest on who will be on their ballot. If they are an incumbent, they'll learn how he or she has voted and positions they've taken that are important to the PHCP and PVF industry. In 2008, less than 62 percent of registered voters came out to vote. This is a birthright every citizen should be taking advantage of. If you have not developed a plan to allow your team the opportunity to vote, it's not too late, but act quickly, because Election Day is coming fast!More

Matalin, Carville & Woodward to Headline at NetworkASA 2013 in DC
American Supply Association
Coming off a successful NetworkASA 2012 – OWN IT: Your Company, Your Industry, Your Future in Orlando, Fla. (photos from the event are now available online by clicking here), ASA already has begun planning for the 2013 event, to be held at the Renaissance Washington D.C. Downtown, Oct. 2-5. Confirmed speakers for the A.O. Smith Future Trends Luncheon are the husband and wife duo of Mary Matalin and James Carville (pictured left). Also confirmed for the Plumbing Industry Educational Forum & Breakfast, sponsored by Kohler, is Bob Woodward, regarded as one of America's preeminent investigative reporters and nonfiction authors. Watch ASA Insights for more NetworkASA 2013 details in the coming weeks.More

MwDA Annual Meeting & Dinner on Monday, Nov. 12
American Supply Association
The Midwest Distributors Association (MwDA) will host its 2012 Annual Meeting & Dinner on Monday, Nov. 12, at Ditka's Restaurant in Oak Brook Terrace, Ill. The evening will begin at 5 with a cocktail reception, and dinner will be served at 6. Rex Martin, Chairman and CEO for NIBCO INC., will be the featured speaker, and the election of officers and directors for 2013 will follow. All MwDA members as well as channel partners from throughout the Midwest are strongly encouraged to participate. Click here for complete details; the deadline to RSVP is Wednesday, Nov. 7.More

Davis and Warshow Acquired by Ferguson
American Supply Association
Davis and Warshow recently was officially acquired by Ferguson Enterprises, the United States' largest plumbing distributor, in a stock transaction. Moving forward, the company will continue to conduct business under the Davis and Warshow name at their eight wholesale and seven showroom locations. CEO and Chairman Frank Finkel and President and COO David Finkel also will continue their roles within the company, as will their management team.More

Construction Spending in US Climbs to Highest Level Since 2009
Bloomberg
Construction spending climbed in September to the highest level in almost three years, led by a rebound in homebuilding that is rippling through the U.S. economy. The 0.6% rise brought outlays up to $851.6 billion, the most since October 2009, and followed a revised 0.1% August drop that was smaller than previously estimated, the Commerce Department reported today in Washington. The median estimate of 48 economists surveyed by Bloomberg was for a 0.7% gain.More

Data Points to Slow Healing in Labor Market
Reuters
Companies added jobs in October at the fastest pace in eight months, a sign of modest healing in the labor market just days before a presidential election that could hinge on the economy. Other data on Thursday showed a sharp improvement in consumer confidence and a drop in new claims for jobless benefits, while there were mixed signals regarding the health of U.S. manufacturing. Private employers added 158,000 workers last month, the biggest gain since February, payrolls processor Automatic Data Processing said.More

Cost of Hurricane Sandy May Hit $50 Billion
The Associated Press via Industrial Distribution
Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm. In the long run, the devastation the storm inflicted on New York City and other parts of the Northeast will barely nick the U.S. economy. That's the view of economists who say a slightly slower economy in coming weeks will likely be matched by reconstruction and repairs that will contribute to growth over time.More

Could High Energy Costs Solve Manufacturing's Talent Challenge?
Material Flows
The American public is sympathetic with U.S. industry when it comes to concerns about the future of manufacturing in America. According to the fourth annual "Public Viewpoint on Manufacturing" survey conducted by Deloitte and The Manufacturing Institute, only 16% of the 1,000 people asked feel the manufacturing sector is likely to get stronger in the next 12 months, and 23% feel it will weaken.More

US Manufacturers Remain Positive About 2013
Material Handling & Logistics
Despite continued uncertainty about the prospects of both the U.S. and global economies, the majority of U.S. industrial manufacturers remain positive regarding the overall revenue outlook for the next 12 months, according to the Q3 2012 Manufacturing Barometer released by PwC US.More