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The World Machine Tool Output and Consumption Survey collects global statistics country by country and compares them in U.S. dollars.
Workholding market projected to be $2.7 billion in 2013
Gardner's Tooling Equipment Report projects spending of $3.6 billion in 2013.
Real Fed Funds Rate Pointing Toward Slower Growth
As the real rate increases compared to one year ago this puts a damper on housing permits and consumer durable goods spending. However, we may be near the end of the cycle of the real Fed funds rate increasing year over year.
April Durable Goods Production Reaches All-Time High
The durable goods industrial production index reached an all-time high for the month of April. But, the rate of growth has slowed significantly.