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Economics
Metalworking Production Impaired by Payrolls and Supply Chain
Stalling payrolls and congested supply chains weigh on production, as the metalworking index signals slowing expansion.
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Metalworking Index Cools with Slowing Growth in New Orders and Production Activity
Slowing growth in production and employment activity elevated backlogs, but weighed down overall metalworking activity.
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Metalworking Index Eases After Setting All-Time High
The Gardner Business Index: Metalworking had a July reading of 61.2, indicating a slowing expansion, while supplier backlogs and new orders remain largely unchanged.
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Metalworking Index Sets New Record, Lifted by Record Backlog
The Gardner Business Index: Metalworking showed a reading of 63.8 for June, breaking its all-time high for the second time this year.
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Metalworking Index Holds Steady After Scorching First Quarter
The Gardner Business Index: Metalworking held at a reading of 62.2 through April, indicating a constant level of expansion.
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Metalworking Index Plateaus After Blistering First Quarter
Expansion of the Metalworking Index slowed in April, falling slightly to 62.2. Every component reported expanding activity, with the exception of exports.
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Most GBI Metalworking Index Components Near All-Time Highs
The GBI: Metalworking has reached a reading of 62.8, with most of the Index components at or near all-time highs.
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Business Activity Accelerates Thanks to New Orders and Employment
Slow supply chains and rising prices are still challenges in the near-term.
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Metalworking Activity Starts off 2021 Sending Mixed Signals
Despite the passing of the holiday shipping rush, deliveries times lengthen further, impairing production and raising backlogs.
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Metalworking Index Closes 2020 With Near Two-Year High
The Gardner Business Index: Metalworking reached a 53.6 reading for December 2020, closing the year with a nearly two-year growth high.
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