June machine tool orders were the highest of 2020 and the third-highest since June 2019. It was the first month with more than 2,000 units (more than 2,000 units is a strong month) since December 2019. #manufacturing .

RT @plastechmag: "As the index and its components approach the 50 mark, the processing market should get a clear idea of how close it is to….

Gardner Business Index data collected during June 2020 reported that new orders activity in the moldmaking and mold industry was already experiencing an initial rebound just months after COVID forced the shutdown of much of the U.S. and global economy.

There were 96,900 housing permits filed in April 2020. Permits filed in April were down 18.4% compared with one year ago, which was the first month of contraction since June 2019. Check out more here: . #economics #manufacturing.

Due to the effects of the coronavirus, the GBI annual rate of contraction accelerated since March. A bottom in the annual contraction of cutting tool orders cannot be expected until seven to 10 months after a bottom in the GBI annual rate of change.

The durable goods production index fell to 79.9, contracting 26.4% month-over-month. That was the fastest rate of month-over-month contraction in the index since its inception. Check out our take here: . #economics #manufacturing.

Due to the COVID-19 pandemic, the GBI: Metalworking dropped sharply in March and April. This drop caused the annual rate of contraction to accelerate, likely leading to drop in machine tool orders. #manufacturing #economics #coronavirus.

In April, the year-over-year change in the real rate was -140 basis points. The change was negative for the 16th month in a row. This was the lowest level for the year-over-change since July 2012. #economics #manufacturing.

The Federal Reserve’s Weekly Economic Index is a helpful guide for monitoring changes in economic conditions. While we're pleased to share insights from the GBI each month, the WEI may be of significant help to our readers. See why:.

At times like this, it's important to keep up with the latest news for your industry. Check out the latest Gardner Business Index:. #manufacturing #economics #COVIDー19 #COVID.

The percent of manufacturers that were closed dropped to 9% from 16% the week prior. That decrease was split between manufacturers open usual hours or expanded hours. Meanwhile, nearly 50% of manufacturers were operating with some level of reduced staff.

There has been a decrease in #manufacturers serving the medical industry, 32% in the most recent week versus 41% the week prior. Manufacturers not serving the medical industry may have been facing a different situation than others. #covid19 #coronavirus.

In the week of April 6th, more manufacturers felt changes to business practices, lead times and supplier access. However, the percent of manufacturers experiencing changes was fairly unchanged. #COVID19 #coronavirus #manufacturing #economics.

Check out this blog and video:. Manufacturers Adjust to the New Normal, Shifting Focus to the Medical Industry. #COVID19 #COVIDー19 #coronavirus #manufacturing #economy.

#COVID19 #coronavirus #manufacturing.

Another update from our own Steve Kline about the state of #manufacturing in light of the pandemic: #COVID19 #coronavirus.

How are #manufacturers adjusting to week three of #COVID19 and #SocialDistancing? We put together this survey to find out:

Based on growth in consumer spending, durable goods orders may bottom out soon. However, the latest data for durable goods new orders is from January, and the spread of #COVID19 is likely to depress consumer demand. #manufacturing #economics.

ISM just released a report confirming what we've been saying for three weeks: lead times are worsening. Manufacturers should prepare for supply-chain trouble. ISM: Check out for the latest news on #COVID19 and #manufacturing.

Because the real 10-year Treasury rate declined in 2019, and because of the acceleration in quarterly growth, there should be further accelerating growth in real consumer durable goods spending in the first quarter of 2020. #manufacturing #economy.