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August MBI at 53.9 – Third Lowest Since Growth Began
With a reading of 53.9, the MBI showed that the metalworking industry fell to its third slowest rate of growth since the most recent expansion began in August 2009.
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Same Old, Same Old - Spending Up, Income Flat
In July, real consumer durable goods spending increased 6.4% compared to the same month one year ago.
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Industrial Production Up 13% in July
Consumer durable goods industrial production in July was up 13.1% compared to July 2009.
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Machine Tool Unit Sales at Highest Level Since Oct. ‘08
According to USMTC, machine tool sales in June were 65.8% (units) and 100.3% (real dollars) more than in June 2009.
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Spending Improving but Income Still Flat
In June, real consumer durable goods spending increased 7.8% compared to one year ago.
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July MBI at 53.6 – Third Straight Month of Slowing Growth
With a reading of 53.6, the MBI showed that the metalworking industry logged its 12th straight month of growth.
Read MoreMay Machine Tool Sales Continue Strong Growth
According to USMTC, machine tool sales in May were 42% (units) and 68% (dollars) more than in May 2009.
Read MoreJune MBI at 59.2 – Growth Rate Strong but Slowing
With a reading of 59.2, the MBI showed that the metalworking industry has been growing for 11 consecutive months.
Read MoreIncome and Spending Virtually Flat in May
Compared to April, real personal income excluding government transfers and consumer spending on durable goods were virtually flat in May, with income up just 0.05% and spending up just 1.1%. The story is a little different compared to last year.
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Industrial Production Up 20% in May
Consumer durable goods industrial production in May was up 19.8% compared to May 2009.
Read MoreApril Machine Tool Sales Show Accelerating Growth
According to USMTC, machine tool sales in April were 48% (units) and 123% (dollars) more than in April 2009.
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May MBI at 61.3 – Strong Growth Continues
With a reading of 61.3, the MBI showed that expansion in the metalworking industry has picked up steam throughout 2010.
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