Industrial outlook projects no more than 2 percent annual growth in U.S. GDP through 2020.
Posts By MDM Staff
Distributor Index decreases to 53.5 and Manufacturer Index decreases to 61.4.
Acquisition expands Caster Concepts' manufacturing capabilities.
Investment in single-family dwellings led the increase.
Lynwood Capital buys Denver, CO-based O-ring and seals distributor.
Fourth-quarter sales decreased 4 percent from 2015.
Production in the construction sector up 0.8 percent in EA19, 0.4 percent in EU28.
Privately owned housing starts down 18.7 percent compared with October.
Foodservice distributor reported a loss of $7.6 million.
Acquisition strengthens company's tools and equipment business.
Fourth-generation family member Meagan McCoy Jones to "co-lead" company.
Most of the increase is attributable to final demand services.
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Industrial production down 0.3 percent in the EU28.
Capacity utilization decreased 0.4 percent to 75 percent.
Cutting tool consumption also decreases compared to prior month.
Index increases 3.6 points to 98.4 for the month.
Year-to-date, orders are down 5.6 percent.
New location in Williston, ND, expands company's footprint.
