Compared with one year ago, cutting tool orders contracted -2.6%; however, this was the slowest rate of month-over-month contraction since April 2019.
January’s housing permits were 113,000, increasing almost 20% from one year ago.
The Coronavirus, also known as COVID-19 may have a significant impact on the global supply chain serving the Moldmaking community. Moldmaking Technology Magazine and Gardner Intelligence can help Moldmakers stay a step ahead.
The real 10-yr Treasury rate was negative for the fifth time in eight months, keeping the annual change in the rate negative for the 13th month in a row.
Accelerating growth in the monetary base is a positive sign for capital equipment consumption later in 2020.
Compared with one year ago, capacity utilization contracted 2.4%.
Durable goods production growth will likely turn to contraction in the next month or two.
Machine unit orders contracted just 1.2% in December after four consecutive months of contracting more than 23%.
While new orders in durable goods contracted at their fastest annual rate in December, the rate of contraction should begin to slow in early 2020.
In December 2019, real disposable income was $15,107 billion, which was lower than two of the last three months.
December’s durable goods spending grew at its fastest rate since May 2018.
January’s GBI reading ends a five-month trend of accelerating contraction in manufacturing, representing the highest Index reading since June of 2019.
Mexican Media Brands