Metalworking Industry Grows in March
March’s metalworking business index (MBI) showed the fastest rate of growth for the industry since September 2011.
.JPG;width=70;height=70;mode=crop;format=webp)
Share
.jpg;maxWidth=600)
.jpg;maxWidth=600)
Future business expectations remained strong. The index showed metalworking facilities were slightly more optimistic about their business than they were the previous month. This continued the trend of improving business expectations that began in October 2011. Finally, the average spending on metalworking equipment for the next 12 months has improved since September 2011. This indicates that machine tool sales should remain strong for at least the next quarter or two.
Related Content
-
Metalworking Activity Remained on a Path of Contraction
Steady contraction of production, new orders and backlog drove accelerated contraction in November.
-
Metalworking Index Reaches Expansion for First Time in 2 Years
After two years of contraction, the Metalworking Index has finally turned a corner. A recovery that started in October has reached a milestone, fueled by increased production and new orders, signaling cautious optimism for the industry.
-
Market Indicators Continue to Soften in Metalworking
The overall metalworking index is down more than a point, but future business is up slightly.