MANUFACTURING
Insider's Blog
Gardner Business Index (GBI) Registers at 52.9: Supplier Deliveries and Production Continue to Lead Economic Activity in the Manufacturing Sector
Gardner Intelligence reviewed the underlying data for the month and observed that the Index – calculated as an average of its components – was supported by supplier deliveries, production and employment. The components which lowered the Index included backlogs and exports. New orders also lowered the Index, as it registered slightly below the average of the components. Both backlogs and exports contracted during the month.
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GARDNER INTELLIGENCE
Market Reports
Durable Goods Orders Contract for Second Month
Despite reaching their highest level since March 2018, real durable goods new orders contracted 2.2% for the second consecutive month, indicating lower investment in production machinery ahead.
Manufacturing Sector Nears Sustainable Equilibrium
Supplier Deliveries and Production continue to lead economic activity in the manufacturing sector.
2018 Global Machine Tool Consumption Up 4.8%
World machine tool consumption increased $4.1 billion in 2018, despite consumption in China, easily the world’s largest consumer of machine tools, dropping $1.9 billion.