Mexican Media Brands
GBI Machine Tool Forecast Shows Improvement for 2017
Since last quarter, the central forecast improved to -1.8 percent from -3.7 percent.
#economics
.JPG;width=70;height=70;mode=crop)
Share
At the end of the third quarter GBI refreshed its machine tool unit forecast. There was a noticeable improvement in the forecast. The central forecast for year end 2017 improved to -1.8 percent from year end 2016 compared with -3.7 percent when the model was run at the end of the second quarter. We ran 100,000 simulations of the model to find the 80 percent confidence interval for 2017. The low end of the confidence interval remained unchanged at -11.1 percent after the model fresh. However, the upper end of of the confidence interval increased to 8.1 percent from 7.4 percent. This is because the forecast for each month from October 2016 to December 2017 improved by more than 10 percent. However, this shows that even a significant increase in the forecast for individual months does not change the year-over-year increase all that much.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.