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  1. #1
    Taking A Stand!!!

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    Default Recession Factors Show in U.S. Machine Tool Orders

    We can add this to what is already happening in trucking. Many of you guys are retired but believe me, it is not good. It has affected the ABF terminal here in Albuquerque all year.

    U.S. machine shops’ and other manufacturers new orders for capital equipment increased from June to July, up 7.1% from the June total but now -5.1% behind the July 2018 total. Notably, despite the value of the orders increasing, the unit total recorded for the most recent month decreased to 2,011 machines, a drop of 145 units from June.

    Through seven months of activity for 2019, the machine tool manufacturers have booked $2.635 billion worth of metal cutting and metal forming and fabricating equipment, a result that is -11.7% less than the comparable January-July 2018 period.

    The machine-tool new orders data is provided by AMT – the Assn. for Manufacturing Technology in its monthly U.S. Manufacturing Technology Orders Report. The USMTO tracks new orders for metal cutting and metal forming and fabricating equipment as a leading indicator of industrial activity. The report is based on data supplied by participating producers and distributors of that equipment, and offers a leading indicator of industrial demand as machine shops and other manufacturers invest to complete planned or anticipated production programs.

    July is just the third month of 2019 to register a month-over-month increase in new orders, but the industry is beset by larger economic uncertainty. AMT noted that the Institute for Supply Management’s August 2019 ISM® Purchasing Managers’ Index fell 2.1 percentage points to 49.1, the first dip below 50 in that index in nearly three years, indicating recession conditions in the manufacturing sector.
    https://www.americanmachinist.com/ma...ne-tool-orders

  2. #2
    Retired !

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    Default Re: Recession Factors Show in U.S. Machine Tool Orders

    The last paragraph of the above story mentioned the PMI ( Purchasing Managers’ Index ) and how dropping below 50 is a sign of a manufacturing recession.
    Seems I remember talk that manufacturing was making a comeback ... all of sudden, from some source that claims many things.
    Between indicators that truck orders are decreasing to the newest published report on the PMI, it seems manufacturing isn't rebounding at all like some think it is.
    Like I've said before, numbers tell the real truth, not some piped piper of tall tales.

    U.S. manufacturing slump worsens in December as ISM index falls to 10-year low
    The numbers: A slump of among American manufacturers deepened in December as a survey of senior executives showed the weakest performance in more than 10 years.
    The Institute for Supply Management said its manufacturing index slid to 47.2% last month from 48.1% in November, marking the fifth straight contraction. It’s softest reading since June 2009 — just as the U.S. was exiting the Great Recession.
    Readings below 50% indicate more companies are contracting instead of expanding.
    The deterioration in December stemmed in part from Boeing BA, -0.17% suspending production of its troubled 737 Max jetliner and the residue of a recent strike at General Motors GM, -2.84% , but the report showed broad weakness in manufacturing tied to the ongoing trade war with China.
    Economists surveyed by MarketWatch had forecast the index to total 48.8%.
    Only three of the 18 industries tracked by the ISM said their businesses expanded in December. That’s matches the fewest since 2009.
    The index is compiled from a survey of executives who order raw materials and other supplies for their companies. The gauge tends to rise or fall in tandem with the health of the economy.
    https://www.marketwatch.com/story/us...low-2020-01-03

 

 

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