Cutting Tool Orders Grow for 22nd Straight Month

February orders increased 4.7 percent compared with one year ago, growing for the 22nd month in a row.

In February, cutting-tool orders were $205.6 million, which was the 11th time in 12 months that orders were more than $200 million. February orders increased 4.7 percent compared with one year ago, growing for the 22nd month in a row. February’s order total kept the annual rate of growth above 10 percent for the fifth time in six months. 

 Further, the GBI: Metalworking is a good leading indicator of cutting-tool orders. The rate of change in the index began contracting in March. The Index is clearly indicating that slower growth is ahead for cutting tool orders. The GBI typically leads cutting tool orders by seven-to-10 months.

Reports

Top Shops

‘Top Shops’ is a benchmarking and recognition program designed to help shops build their business.

World Machine Tool Survey

An independent annual survey that collects statistics from machine tool consuming and producing countries and compares them in real U.S. dollars.

Capital Spending Survey

An annual survey that collects statistics regarding budgeted spending on machine tools, testing equipment, software and more.

Gardner Business Index

A diffusion index measuring month-to-month changes in activity at durable goods and discrete parts manufacturing facilities.