The GBI: Precision Machining activity shows 4 of 6 components contracting in October.
In September, Precision Machining ended an almost 2-year growth trend with a flat index of 50.
Precision Machining saw another slowing of GBI growth in August, the magnitude of deceleration smaller than July’s, which was smaller than June’s.
In July, Precision Machining saw a bit smaller GBI drop than was seen in June.
Precision Machining’s growth slowed in June.
March activity continued expanding at faster rates.
Precision Machining saw expanding activity in Orders, Production and Backlogs at increased rates in the second month of 2022.
Hiring activity lifts overall index.
Third quarter activity was complicated by hiring and supply chain constraints
Rising new orders by constrained production lifts backlog reading to 18-month high
All components report lower readings after August expansion.
Index registers higher new orders and production readings, quickening supplier deliveries
Mexican Media Brands