Machine tool users are more financially sound, but business is not growing rapidly. According to a report from Agie Charmilles Corp. (Lincolnshire, IL), our economy is clearly reacting to high interest rates and oil prices. Tooling appears to be holding up better than production. If the recent weakening of the US dollar continues and the Federal Reserve does not attempt to strengthen the dollar with higher interest rates, it's likely that long-term manufacturing growth will continue.
The Charmilles Machining Business Activity Index was down moderately at 62 from 67 in May. The improvement in business activity was strongest in the Captive Production sector and was uniformly strong in all regions. For more information try
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