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
-
The Critical Role of Management Representatives in ISO 9001
In ISO 9001 quality management systems, the Management Representative (MR) plays a crucial role. While the 2015 version of ISO 9001 no longer mandates this position, having a trusted management member serve as an MR remains vital for streamlining operations and maintaining quality standards.
-
MMT Chats: 4 Keys to a Successful Mold-Building Operation: Innovation, Transparency, Accessibility and Relationship
MoldMaking Technology Editorial Director Christina Fuges chats with Steve Michon, co-owner of Zero Tolerance in Clinton Township, Michigan, about the excitement of solving problems, the benefits of showing gratitude, the real struggle with delegation and the importance of staying on top of technology. This episode is brought to you by ISCAR with New Ideas for Machining Intelligently.
-
Think Safety: Eliminate Hazards Throughout the Shop
The tooling community is taking advantage of new products for safer mold shops and molding facilities.
