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May 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.
June 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.
Income 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.
Industrial Production Up 20% in May
Consumer durable goods industrial production in May was up 19.8% compared to May 2009.
April 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.
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.
April Industrial Production up 13%
Consumer durable goods industrial production in April was up 13.2% compared to April 2009.
March Machine Tool Sales Up 35%
According to the USMTC, March 2010 machine tool sales were up 35% and 57% compared to March 2009 in units and dollars, respectively.
Consumer Durable Goods Spending Up 10.1% in March
While income continues to remain stagnant, spending on consumer durable goods grew at its fastest pace since July 2005 in March.
Real Recovery with March Income Stagnant?
You may have seen it reported by the Bureau of Economic Analysis and the news media that income was up in March.
April MBI at 56.0 – Industry Expands Faster
With a reading of 56.0, April's MBI showed that the metalworking industry expanded faster for the second straight month.
March MBI at 53.4 – Growth Rate Stabilizes
With a reading of 53.4, the MBI signaled that the pace of growth in the metalworking industry stabilized in the month of March.
