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| Metalworking
Forecasting Tools |
| Tools |
Aerospace |
Computers &
Electronics |
Construction
Machinery |
Engines, Turbines, &
Power |
| Farm Equipment |
Machinery |
Medical |
Motor Vehciles & Parts |
Oil |
Durable Goods |
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| Medical |
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| The medical industry is no different than any other. So,
consumer spending on medical care is a leading indicator of medical equipment
industrial production. What's most important to note on this chart is the
spending on medical care has not contracted in the last 40 years and
industrial production on medical equipment has rarely contracted. This makes
the medical industry a real growth market for the metalworking industry. On
average changes in consumer spending on medical care lead change in medical equipment
industrial production by seven months. |
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| Industrial production of durable goods leads machine tool unit
sales. For the medical equipment industry, this seems to be the case as
well. |
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