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After a record January, machine tool orders remained strong in February.

The annual rate of growth was the fastest since May 2015.

The trend in the real 10-year Treasury rate is indicating a slow down in the U.S. economy.

The trend in the month-over-month change indicates that the money supply is a neutral indicator for future capital spending.

Strong growth in durable goods new orders continues to provide a positive sign for capital equipment spending.