The Gardner Business Index: Precision Machining registered 53.9 during March, bringing the first-quarter average reading to 54.8.
February expansion rate is just shy of average 2017-2018 business cycle expansion rate.
Gardner Intelligence's Chief Economist Michael Guckes discusses the impact that recent events such as the tariffs and rising interest rate are having on the automotive industry in this video.
Dynamics between new orders, supplier delivery and production see backlogs contract.
In the near term, manufacturers who develop a mastery understanding of their supply chains—which in many cases have and will continue to be shocked by regulatory changes—may be able to convert this into a competitive advantage, and thus an opportunity to capture new business.
The limited construction of new homes may tamp demand for appliances going into new homes, but these same conditions may entice current homeowners to upgrade their appliances and home furnishings.
Index sustains expansion achieved in August’s turnaround.
The Gardner Business Index (GBI): Precision Machining reversed course, moving higher and breaking its year-to-date trend of slowing growth.
Using Gardner's three-lens approach, Chief Economist Michael Guckes has been able to provide insights into the health of the medical industry for manufacturers serving it.