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Metalworking Industry Growth Slows, Still Trending Up

While the metalworking industry continues to grow, it is expanding at its slowest rate since 2017 according to the latest Gardner Business Index report.

According to the report, metalworking posted a 51.6 market growth score, its lowest since lowest since 2017. While growth is slowing, the report indicates the industry is still trending up. A score above 50 indicates growth, while a score below 50 would mean the industry is shrinking.

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The report shows a reduction of both backlogs and new orders.

Posted on June 12, 2019 at 11:47 am

Categories: News

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