Modern Machine Shop

DEC 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.

Issue link:

Contents of this Issue


Page 138 of 140

136 MMS December 2017 GARDNER BUSINESS INDEX Metalworking Industry Sets 6-Year Record A.C. MICHAEL GUCKES, MBA CHIEF ECONOMIST GARDNER INTELLIGENCE The Metalworking Index hits its highest point since 2011. R egistering 57.9 for October, the Gardner Busi- ness Index (GBI): Metalworking recorded its highest reading since 2011, raising the year-to-date average to 55.8 and reaching well above the aver- age third-quarter reading of 55.3. The index is up approximately 15 percent and 18 percent for the year-to-date and 12-month periods, respectively. Gardner Intelligence's review of the underlying data for the month indicates that new orders, production and supplier deliveries lifted the index higher, while employment, backlogs and exports pulled it lower. No components contracted in October. The GBI reading among only job shops also increased in the month, the third time in 2017 that it has surpassed the record high hit in March 2012. More information about the Metalworking Index can be found at . The Metalworking Index finished at its highest point thus far in the calendar year, well above its year-to-date aver- age. Strong readings in production, new orders and supplier deliveries have been critical to this success. Strength in new orders has outpaced even the strong gains in pro- duction, and this has resulted record-setting backlog readings. Visit the Gardner Intelligence blog at or email 35 40 45 50 55 60 65 Jan 13 Jan 14 Jan 15 Jan 17 July 13 July 14 July 15 Jan 16 July 16 July 17 The Metalworking Index 40 45 50 55 Jan 13 Jan 14 Jan 15 Jan 17 July 13 July 14 July 15 Jan 16 July 16 July 17 Metalworking Employment (three-month moving average) 35 July 12

Articles in this issue

Links on this page

Archives of this issue

view archives of Modern Machine Shop - DEC 2017