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May Index Reflects Fastest Growth since January
Compared with 1 year ago, backlogs increased by 37.5 percent this month.
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Four Straight Months of Growth for the PMBI
In the first 4 months this year, material prices have increased at a faster rate than almost every month last year.
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PMBI Shows Three Straight Months of Growth
With a reading of 55.3, Gardner’s precision machining index showed that business conditions expanded for the third month in a row in March.
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February PMBI at 56.6 -- Two Straight Months of Growth
This was the fifth month in a row that the index has increased compared with 1 year ago.
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PMBI Shows Fastest Growth Since March 2012
Production grew for the third time in 4 months, but the rate of growth was the fastest since the spring of 2012.
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Business Conditions Unchanged
But facilities with 20-249 employees saw improving business conditions in December.
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Business Conditions are Improving
Production grew for the second month in a row, and employment expanded for the first time since May.
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Business Conditions Flatten
With a reading of 49.9, Gardner’s precision machining index showed that business conditions in the industry flattened.
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September Shows No Change
With a reading of 44.8, Gardner’s precision machining index showed that the rate of contraction was unchanged in September.
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Little Change in Business Conditions
Supplier deliveries made the biggest improvement in August, moving to lengthening from shortening.
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Contraction Slows Slightly
Future business expectations reached their second highest level since May 2012.
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PMBI Shows Fourth Straight Contraction
In June, only shops with more than 100 employees grew. Facilities with 50-99 employees contracted for the first time since December 2012.
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