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November MBI at 66.2 – Strongest Growth to Date
With a reading of 66.2, the MBI showed that the metalworking industry is growing at its fastest rate since the inception of the MBI in December 2006.
Industrial Production up 7.4% in October
Consumer durable goods industrial production in October was up 7.4% compared to October 2009.
October MBI at 60.1 – 15th Consecutive Month of Growth
With a reading of 60.1, the MBI showed that the metalworking industry continues to grow at a strong pace.
Industrial Production Up 4.6% in September
Consumer durable goods industrial production in September was up 4.6% compared to September 2009.
Machine Tool Unit Sales Up 74% Month Over Month
According to USMTC, machine tool sales in August were 73.8% (units) and 105.0% (real dollars) more than in August 2009.
Not Your Father's Recession
In a typical economic cycle, some businesses expand too rapidly.
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.
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.
Industrial Production Up 13% in July
Consumer durable goods industrial production in July was up 13.1% compared to July 2009.
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.
Spending Improving but Income Still Flat
In June, real consumer durable goods spending increased 7.8% compared to one year ago.
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.
