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New orders growth boosts Moldmaking Index, at 59.5 for March.
Growth in backlogs are the primary driver of the Moldmaking Index, at 60.3 for February.
The annual rate of contraction in cutting tool orders has nearly bottomed. And, based on trends in the Gardner Business Index and macroeconomic manufacturing data, cutting tool orders should see double-digit growth by year-end.
Slowing new orders, production and backlog activity result in a 47.9 reading for November, indicating a potential incoming challenge for the world supply chains as we enter 2021.
October saw slowing expansionary activity, an advancement caused by slowing supplier deliveries and an expansion in employment activity for a third consecutive month.
The Moldmaking Index jumped nearly five points in September, driven by surging new orders.
Small moldmaker chooses VMC with unique features—counterbalanced head, box ways, machine design, 3-D accuracy, changeover, control and toolchanger—to improve operations.
Gardner Business Index data trends point to medical manufacturing expansion.
February reached a high of 57.1. Orders and backlog readings for the month rose to levels last reported in mid-2018 with March’s employment activity matched readings last reported in mid-2019.
Forecasts of electronics industry spending have steadied, but recent Gardner data signals expansion may be just ahead.
