Metalworking Index Sustains Growth Rate Entering the Second Quarter
Metalworking’s April reading remained unchanged from the prior month.
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The combination of strong production and new orders growth along with elevated backlog readings gives Gardner Intelligence reason to believe that the manufacturing sector will experience a very strong 2018. All components, except for exports, indicate very high expansion levels.
Production expansion in each of the last four months has exceeded the highest levels experienced during the last two cycle peaks. This sustained record-setting production environment is having a delayed but very significant effect on supplier deliveries.
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