MANUFACTURING
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Gardner Business Index (GBI): 2018 May Be Fastest-Expanding Year in Recorded History

The Gardner Business Index (GBI) closed October slightly lower than the month prior at 55.7. In the year-to-date period, the index has averaged 57.6, keeping 2018 on track to be the fastest expanding year in recorded history, breaking the record 2017 currently holds at 55.3. The Index was driven higher by supplier deliveries, production and new orders.

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Gardner Business Index (GBI): 2018 May Be Fastest-Expanding Year in Recorded History

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GARDNER RESEARCH
Market Reports

Machine tool consumption will end the year at $7 billion, and Gardner forecasts a further 11 percent growth in 2019.
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GBI: Medical First quarter 2018 financial results show a solidly performing medical industry.  Wall Street’s expectations are for improving growth through 2020.  This is good for manufacturing firms supply durable goods to the medical industry.
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Download the results of Gardner Intelligence's annual Capital Spending Survey that includes forecasted spending on machine tools, testing equipment, software and more that are then projected across the metalworking industry based on plant size.

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ECONOMIC NEWS
Gardner Intelligence

Intelligence Blog

Monetary Base Contracts on Annual Rate A contracting monetary base is an indication that capital equipment spending will contract in the next 12 to 24 months.
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Intelligence Blog

Has Growth in Durable Goods Orders Peaked? Consumer durable goods spending has grown at a constant rate since late in 2017, indicating that the current flattening is likely the peak for this cycle.
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U.S. Machine Tool Consumption to Hit $7.7 Billion in 2019 The 2019 Capital Spending Survey projects 11-percent growth in machine tool consumption, with prices continuing to increase.
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