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The Moldmaking Index reported a record-breaking 33-month continuously expanding activity driven by supplier deliveries.
Survey respondents report collapse in new orders, driving the Moldmaking Index down 13 points for April 2020.
June 2019 – 52.3
The Moldmaking Index fell sharply in May. The month’s results were surprising as survey participants reported strong new orders while simultaneously reporting contracting backlogs.
The Moldmaking Index closed out 2019 slightly below a reading of 50.
The strong growth in the metalworking industry should lead to accelerating growth in machine tool orders throughout 2021.
April’s month-over-month rate of growth was the fastest since since May 2011, with a 55.6% increased in units ordered compared to last year.
If you’re still not sure why the Amerimold Expo is THE event to be at this September, maybe these recent market reports and COVID-19 restriction updates will help guide your decision.
January machine tool unit orders grew 9.1%, marking the fourth month of growth in the last five months. Also, dollar orders grew for the third month in a row.
