Metalworking Forecasting Tools
Tools Aerospace Computers & Electronics Construction Machinery Engines, Turbines, & Power
Farm Equipment Machinery Medical Motor Vehciles & Parts Oil Durable Goods
Finding a leading indicator for an end market as broad as industrial machinery is pretty difficult. It would seem that as more money is spent on office buildings, hospitals, factories, hotels, etc. that more industrial machinery would be bought and the production of that machinery would increase. But, the relationship between real total construction spending and machinery industrial production is our least compelling right now. Part of the reason for this is that we have only 20 years of data to compare. We will have to continue to watch this relationship to see if it proves valuable for this end market.