The Gardner Business Index: Precision Machining expanded at a slightly slower rate as compared with April, registering 54.5 for May.
Compared with the same month one year ago, the Index is 1.8% lower, indicating slowing growth.
The Gardner Business Index: Precision Machining registered 53.9 during March, bringing the first-quarter average reading to 54.8.
February expansion rate is just shy of average 2017-2018 business cycle expansion rate.
January mirrors the growth rate during the peak of the 2017-2018 business cycle.
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