MMT Chats: Surge in New Orders Drives Moldmaking Index Expansion
Gardner Intelligence Chief Economist Michael Guckes shares insight on the recent strong move of the Moldmaking Index due to higher readings across all business activity components of the Index, highlighting the surge in new orders.
I sit down with Gardner Intelligence Chief Economist Michael Guckes to talk through the surge in the Moldmaking Index last month. He breaks down the 55.1 reading and the rush of new orders activity and followed by expanding production, backlogs and employment activity.
A historical analysis of the Moldmaking Index and its components shows that new orders activity is often a bellwether for advances in the other components of the Index. Should this relationship hold in the coming months it could prove to be a boon to the Moldmaking lndex through year-end.
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