With a reading of 55.9, Gardner’s metalworking business index showed that conditions in the industry expanded in March for the third straight month and the fourth time in five months. This was the fastest rate of growth since March 2012.
The 2014 World Machine Tool Output and Consumption Survey shows that the U.S. machine tool market has outpaced the rest of the world two of the last three years and is forecasted to grow faster in 2014.
With a reading of 53.4, Gardner’s metalworking business index showed that conditions in metalworking continued to expand at a significant rate in February. The industry has grown four of the last five months, although February’s rate of growth was slightly slower than the rate of growth in January.
With a reading of 54.2, Gardner’s metalworking business index for January showed that conditions in the metalworking industry have improved dramatically.
With a reading of 49.9, Gardner’s metalworking business index (MBI) showed that conditions in the metalworking industry were unchanged from November. This comes after two months of modest growth.
With a reading of 50.3, Gardner’s metalworking business index showed that the metalworking industry expanded for the second month in a row—the first time the industry has grown for two consecutive months since summer 2012.
The strength of U.S. manufacturing is driving machine tool sales to their highest levels in more than a decade. Our survey says that machine tool sales should rise to $7.442 billion in 2014, an increase of 19 percent over 2013.
With a reading of 44.6, Gardner’s metalworking business index showed that the metalworking industry contracted at its fastest rate since November 2012.
With a reading of 48.5, Gardner’s metalworking business index showed that the metalworking industry contracted at a much slower rate in July compared to June.