MMT Chats: Surge in New Orders Drives Moldmaking Index Expansion
Gardner Intelligence Chief Economist Michael Guckes shares insight on the recent strong move of the Moldmaking Index due to higher readings across all business activity components of the Index, highlighting the surge in new orders.
MMT Chats: Surge in New Orders Drives Moldmaking Index Expansion
I sit down with Gardner Intelligence Chief Economist Michael Guckes to talk through the surge in the Moldmaking Index last month. He breaks down the 55.1 reading and the rush of new orders activity and followed by expanding production, backlogs and employment activity.
A historical analysis of the Moldmaking Index and its components shows that new orders activity is often a bellwether for advances in the other components of the Index. Should this relationship hold in the coming months it could prove to be a boon to the Moldmaking lndex through year-end.
For other MMT Chats click here.
Related Content
-
Leading Mold Manufacturers Share Best Practices for Improving Efficiency
Precise Tooling Solutions, X-Cell Tool and Mold, M&M Tool and Mold, Ameritech Die & Mold, and Cavalier Tool & Manufacturing, sit down for a fast-paced Q&A focused on strategies for improving efficiencies across their operations.
-
Making Quick and Easy Kaizen Work for Your Shop
Within each person is unlimited creative potential to improve shop operations.
-
OEE Monitoring System Addresses Root Cause of Machine Downtime
Unique sensor and patent-pending algorithm of the Amper machine analytics system measures current draw to quickly and inexpensively inform manufacturers which machines are down and why.