Cutting Tool Orders Virtually Flat in June

Real cutting tool orders were $188.7 million in June 2015. Compared with June 2014, real orders were down 0.3 percent. This was the third straight month of month-over-month contraction. The annual rate of change has grown at a decelerating rate for five straight months.While there is not much history to work from with this report, there are a number of potential leading indicators for this data series, including durable goods production, capital goods new orders, and the Gardner Business Index.