Wednesday, May 22, 2013
$6.0 Billion Market Projected for Metalcutting Equipment
The 2013 Gardner Research Capital Spending Survey and Forecast results indicate that U.S. manufacturers are forecasting to increase investments in new metalcutting equipment more than 8% in 2013.
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Thursday, May 16, 2013
Real Oil Prices Falls 11.8% in April
In real dollars, the price of oil averaged $92.07 in April 2013.
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Thursday, May 16, 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.
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Wednesday, May 15, 2013
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.
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Tuesday, May 14, 2013
March Machine Tool Orders: Units Down but Dollars Up
Unit sales contracted 7.1% in March 2013 compared to March 2012. But, real dollar sales grew by 2.8%. This pushed the average price of machine above $200,000 for the first time since August 2012 and to its highest level since August 2011.
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