Precision Machining Business Index
After tracking the business index’s performance across various technologies and markets in the metalworking industry since December 2006, Gardner Business Media, publisher of Production Machining, is now ready to present the results each month for the precision machining industry. The precision machining business index is a diffusion index that compares business conditions in the current month with the previous month.
After tracking the business index’s performance across various technologies and markets in the metalworking industry since December 2006, Gardner Business Media, publisher of Production Machining, is now ready to present the results each month for the precision machining industry.
The precision machining business index is a diffusion index that compares business conditions in the current month with the previous month. Each month, the readers of PM are surveyed regarding new orders, production, backlogs, employment, and so on. We weight the various sub-indices to create an overall index for the precision machining industry. A reading above 50 indicates expansion, while a reading below 50 indicates contraction.
To read more about the latest forecasting data, read "Precision Machining Business Index is Based on Reader Surveys."
