November Income Growth at Historical Average

Real disposable income was $15,133 billion, which was an all-time high.

In November 2019, real disposable income was $15,133 billion, which was an all-time high. The month-over-month rate of growth was 3.1%, which was right at the historical average. Additionally, this was the second time in three months that the rate of growth was at or above the historical average, indicating that annual income growth may be near a bottom and ready to accelerate. 

The annual rate of growth was unchanged at 3.2%, which was its slowest rate of growth since January 2018. It was also down from its peak rate of growth of 4.0% in December 2018.

Keep in mind that changes in real disposable income typically lead capital equipment consumption by almost 24 months.


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.