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
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data