All components report lower readings after August expansion.
Index registers higher new orders and production readings, quickening supplier deliveries
Index signals decelerating contraction as all components report improved readings.
April’s New Orders and Production Activity Collapse as Index Falls to All-Time Low.
Multiple Index Components Report Record Lows
Volatile shifts in Index components may be a sign of more to come.
The Precision Machining Index moved higher during the first month of 2020, registering a modest increase to 48.3.
The Precision Machining Index was relatively unchanged during November at 46.0; extending its contractionary trend for a fifth month.
The Precision Machining Index registered 46.1 in October, indicating a slowing contraction in business activity.
The Gardner Business Index ended October at 48.3, signaling a fourth month of mildly contracting business activity across the U.S. manufacturing sector. Our own Michael Guckes sat down with Chris Felix of Production Machining to discuss what this means for the world of manufacturing.
The Precision Machining Index registered 45.9 in September, which marks for a third month of quickening contraction of business activity as reported by surveyed precision machinists.
The August PMI indicates that both foreign and domestic new orders contracted in August, but at a lesser rate than in July. Should these readings continue to close in on the 50 mark in the coming months, it will indicate a stabilization in the demand for production machined goods.
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