Metalworking Activity Shows Signs of Stabilizing Contraction
Modern Machine Shop
JANUARY 4, 2024
Metalworking activity has contracted nearly every month for over one year, the exception being February 2023, which was flat. Since April 2023, a month of accelerated contraction in metalworking activity has remained stable into the following month. Contraction has tended to accelerate again the month following stability. December maintained this dance, marking a flat-to-slightly-slower-contracting month, closing at 44.5, 0.8 points higher than November.
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