St. Paul, MN (December 27, 2019) — According to Steven Kline, Jr., Chief Data Officer with Gardner Business Media, real cutting tool orders were $216.3 million in October, which was the second time in three months that orders were above $200 million. This was the highest level for cutting tool orders since October 2018.
The GBI: Metalworking is a good leading indicator of cutting tool orders. The annual rate of change in the Index has contracted for nine-straight months. In the last downturn in late 2015 and early 2016, the GBI: Metalworking contracted more than 10%, year over year, as did cutting tool orders. In November, the GBI: Metalworking showed annual contraction of 11.8%. The Index is clearly indicating that the annual rate of change in cutting tool orders will contract for the remainder of 2019 and into 2020. The GBI typically leads cutting tool orders by seven-to-10 months.
With such positive economic indicators, now is the time to take advantage of Matsuura’s 2019 Year End Sales Event. Customers are encouraged to contact their local Matsuura Distributor for information and availability.
- Most Matsuura Models in Inventory Included
- Special Financing Options Available
- Act now to take advantage of substantial tax savings and lower your cost of ownership
- Savings Subject to Inventory
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.
Read more from Gardner Intelligence at: https://www.gardnerintelligence.com/
For more information about Matsuura, please contact: [email protected] or visit: www.matsuurausa.com.