MANUFACTURING
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GBI Rebounds Slightly in August

The Gardner Business Index (GBI) experienced a modest rebound in August, registering 49.0. Gardner Intelligence’s review of the underlying data for the month observed that the Index was supported by supplier deliveries and production, as well as a ‘no change’ reading in new orders.

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GBI Rebounds Slightly in August

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GARDNER INTELLIGENCE
Market Reports

Capacity Utilization Contraction Accelerates August was the second month in a row of accelerating contraction and the fastest rate of month-over-month contraction since November 2016.
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10-Year Treasury Rate Annual Change Lowest since December 2017 In August, the year-over-year change in the real 10-year Treasury rate was -0.74%, which was the eighth consecutive month the change was negative and the lowest the change has been since December 2017.
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Monetary Base Contraction Continues Deceleration August was the fourth consecutive month of decelerating contraction and the second straight month that the month-over-month rate of contraction was less than 10%. 
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ECONOMIC NEWS
Gardner Intelligence

Housing Permits Grow for Second Consecutive Month With the year-over-year change in the real 10-year Treasury rate generally falling for the last nine months, housing permits have started to grow faster month-over-month.
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Cutting Tool Orders Contract for Fifth Month July orders contracted by 3.5% compared with one year ago.
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Durable Goods Production Second Highest Level Ever In August, production grew month-over-month for the 33rd consecutive month.
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See more Manufacturing Economic News