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Text Box: Finding a leading indicator for an end market as broad as industrial machinery is pretty difficult. It would seem that as more money is spent on office buildings, hospitals, factories, hotels, etc. that more industrial machinery would be bought and the production of that machinery would increase. But, the relationship between real total construction spending and machinery industrial production is our least compelling right now. Part of the reason for this is that we have only 20 years of data to compare. We will have to continue to watch this relationship to see if it proves valuable for this end market.
Sources
Real Total Construction Spending
Industrial Production
For more information contact Steve Kline, Jr., financial analyst.
513-527-8800
skline2@gardnerweb.com
Links to other Financial Data from Gardner Publications, Inc.
2008 Capital Spending Survey and Forecast Results
Metalworking Business Index
2008 Capital Spending Survey and Forecast Demographic Reports 
Current and past surveys conducted by Gardner Research
Gardner Publications, Inc. publishes the following magazines:
Modern Machine Shop
Production Machining
Moldmaking Technology
Automotive Design & Production