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November MBI’s Growth is Still Solid
With a reading of 52.9, the November MBI showed that the metalworking industry has grown for 28 consecutive months.
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Industrial Production Equals Highest Level Since February 2008
Two significant factors contributing to the improvement in industrial production are the weaker dollar and the general reshoring initiative as companies realize the cost of long supply chains and lesser quality.
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Machine Tool Sales Skyrocket
According to USMTC, unit orders for machine tools in September 2011 were at their second highest total since September 1998.
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October MBI at 54.0 – 27 Months of Growth
Starting with October, the MBI now goes out to a larger, random group of shops that are subscribers to Modern Machine Shop. This has greatly increased the number of responses and should make the data more accurate.
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September MBI Growth Shows Upward Trend
The MBI has been on an upward trend since April, indicating overall acceleration in metalworking industry growth.
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Machine Tool Sales Maintain Strength
The weak dollar is generally a positive sign for machine tool sales in the United States.
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August MBI Growth Accelerates Slightly
With a reading of 57.0, the MBI showed that the metalworking industry saw a somewhat faster growth rate in August. The two most significant contributors to the slightly stronger growth rate were the production and exports subindices.
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June Machine Tool Sales Higher Than Last Year
June 2011 saw 39.9 percent more machines sold than in June 2010.
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July MBI at 55.1 – Growth Remains Strong
The Metalworking Business Index for July continues to grow at a strong rate, which is a sign of the current, overall strength in manufacturing.
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Industrial Production Reaches Highest Level Since June 2008
The consumer durable goods industrial production index was 91.4 in June 2011.
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Machine Tool Sales Still Growing Faster
According to USMTC, machine tool sales in May 2011 were 75.6 percent (units) and 110.6 percent (real dollars) more than in May 2010.
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MBI Grows at Fastest Rate Since Nov. 2010
With a reading of 63.3, the June MBI showed that the metalworking industry grew at its fastest rate since November 2010. This has been its third fastest rate of growth since this period of expansion began in August 2009.
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