Modern Machine Shop

NOV 2017

Modern Machine Shop is focused on all aspects of metalworking technology - Providing the new product technologies; process solutions; supplier listings; business management; networking; and event information that companies need to be competitive.

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Page 194 of 196

192 MMS November 2017 GARDNER BUSINESS INDEX Metalworking Another Strong Quarter A.C. MICHAEL GUCKES, MBA CHIEF ECONOMIST GARDNER INTELLIGENCE The Metalworking Index continues its upward trend for September 2017. R egistering 56.2 for September, the Gardner Business Index (GBI): Metalworking added another strong monthly reading to an already impressive 2017. This latest reading raised the average for the year-to-date period to 55.6 and the average reading for the 3rd quarter to 55.3. The index is up approximately 12 percent and 15 percent for the year-to-date and 12-month periods, respec- tively. Gardner Intelligence's review of the underly- ing data for the month of September indicates that production, supplier deliveries and new orders lifted the business index higher, while employment, backlogs and exports pulled the index lower. The only component of the overall index that contracted for the month was exports. More information about the Metalworking Index can be found at . The Metalworking Index finished strongly in September, slightly above its year-to-date aver- age. Strong readings in production, new orders and supplier deliveries have been critical to this success. After posting 14 consec- utive months of declining readings during 2015 and 2016, employment in the metalworking industry during the second quarter of 2017 easily surpassed the prior record estab- lished in the second quarter of 2014. Visit the Gardner Intelligence blog at or email 35 40 40 45 45 50 50 55 55 60 60 65 Jan 13 Jan 13 Jan 14 Jan 14 Jan 15 Jan 15 Jan 17 Jan 17 July 13 July 13 July 14 July 14 July 15 July 15 Jan 16 Jan 16 July 16 July 16 July 17 July 17 The Metalworking Index Metalworking Employment (3-month moving avergage)

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