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June is Third Month of Contraction
Other than a brief spurt of accelerating growth from January to March earlier this year, the index has trended down fairly consistently since last June.
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May Rate of Contraction Unchanged
New orders have contracted for 2 months after a surge in new orders in February and March.
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April Index Falls after Strong March
The North Central – West was the fastest growing region in April. It grew for the fourth month in a row.
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March Index Highest since June 2014
The industry clearly has been trending up since November.
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Fastest Index Growth since August
With a reading of 51.8, the Gardner Business Index showed that the production machining industry expanded at its fastest rate since last August.
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January Index Flat since September
The annual rate of change continued to grow at a strong rate, but it decelerated for the fourth month in a row.
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Industry Growth Resumes After 2 Months
The trend in backlogs indicates significant increases in capacity utilization and capital equipment consumption this year.
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October Index at 49.4, First Contraction Since December 2013
The annual rate of change continued to grow at a strong rate, but it decelerated for the first time since it began growing in February.
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September Index Reflects Slowest Growth This Year
The trend in backlogs indicates significant increases in capacity utilization and capital equipment consumption for next year.
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Gardner Business Index’s Pace of Growth Accelerates
New orders grew for the ninth month in a row.
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Index Grows Again in July
This is the tenth consecutive month the metalworking business index has been higher than it was 1 year ago.
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June Business Index Consistent with Strong Growth
Better business conditions were record at all but the smallest facilities.
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