October Sees Moderate Contraction, but Growing New Orders
The GBI for October was 48.3, signaling a fourth month of mildly contracting business activity across the U.S. manufacturing sector. However, total new orders continue to do well. Based on a three-month moving average, the best performing end-market as of October was aerospace, followed by medical equipment manufacturing. The market for construction machinery continued to experience the fastest rate of contracting business activity, mirrored by a similarly enduring contraction in the industrial motors market.
#economics

RELATED CONTENT
-
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
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.