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The annual growth rate in durable goods production accelerated for the fifth straight month to its fastest rate since January 2015.

It seems likely that the accelerating growth in capacity utilization will continue for another three to six months.

The consistently strong growth at metalworking facilities is a likely reason for the recent surge in cutting tool orders.

The change in the real 10-year Treasury rate was virtually unchanged from last month.

In an interesting twist, August unit orders were higher than September’s in an IMTS year for the first time ever.