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Industrial Production Grows for 17th Consecutive Month
Consumer durable goods industrial production in May was up 4.7 percent compared to May 2010.
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Machine Tool Sales Remain Strong
While the growth rate in machine tool sales may not have peaked yet, the leading indicator is showing that the growth rate of machine tool sales should peak this summer.
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May MBI Growth Rate Accelerates
Growth in the employment and backlog subindicies helped the MBI reach 56.5.
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Industrial Production Grows for 16th Consecutive Month
Consumer durable goods industrial production in April was up 5.8 percent compared to April 2010.
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Machine Tool Sales Highest Since Start of Recession
What is the difference between the last two machine tool recoveries?
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April MBI at 52.8 – Slower Growth Continues
The MBI showed that the metalworking industry continues to grow more slowly, falling from its peak rate of growth in November 2010.
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March MBI at 54.6 – Slower Growth
The MBI showed that the metalworking industry is still growing but it is doing so at the slowest rate since August 2010.
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Machine Tool Sales Still Strong – Up 131% in January
According to USMTC, machine tool sales in January were 130.5% (units) and 178.8% (real dollars) more than in January 2010.
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Industrial Production Continues to Grow – 8.3% in February
Consumer durable goods industrial production in February was up 8.3% compared to February 2010.
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February MBI at 60.4 – Growth Rate Remains Steady
With a reading of 60.4, the MBI showed that the metalworking industry continued to grow at a steady rate.
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Incomes up 3.5%, Spending Up 11.9%
Most of the increase in incomes was due to the payroll tax cut that began in January, but this increase didn’t translate into faster growth in spending.
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Industrial Production Steadily Growing
Consumer durable goods industrial production in January was up 5.8 percent compared to January 2010.
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