Despite strong growth in order values, the number of units ordered continues to grow at a slower pace.
Latest In Economic Trends
October's decline negated September's gain, as weakness in production more than offset modest gains in all four demand subindexes.
It moved the benchmark interest rate to its lowest mark in 3 years, but the lasting government shutdown prompts caution ahead of the next Fed meeting on Dec. 9-10.
More than one-third of surveyed North American metalforming manufacturers expect weaker economic activity in the next three months, while less than 1 in 5 expect improvement.
Core consumer prices in the U.S. rose less than anticipated in September, driven by rising gas prices.
It was an acceleration from August, with nonresidential building leading the way by rising double digits month-over-month.
August U.S. cutting tool stats suggest continued market uncertainty.
Our third quarter MarketPulse shares a wealth of data from the 3Q25 Baird-MDM Industrial Distribution Survey - conducted in early October - that covered respondents' revenue performance, pricing updates and expectations for 4Q25 and 2026, plus plenty of sector-specific commentary.
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The International Monetary Fund emphasized that trade shifts, policy uncertainty and fading momentum weigh on global expansion.
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Manufacturing shows continued resiliance despite some headwinds.
The World Trade Organizaton's latest forecast update showed stark revisions to its 2025 and 2026 growth outlook. Get the key takeaways here.
The government shutdown has suspended construction spending data and halted OSHA inspections and E-Verify services.
September's PMI rose slightly to 49.1% but stayed in contraction territory as some manufacturers report tariffs driving prices up.
Surveyed metalforming manufacturers show slightly improved outlook for incoming orders, while shipping levels remain steady.
U.S. durable goods orders were up across all categories in August, Â led by a surge in transportation equipment.
The U.S. Census Bureau reported a slight decline in wholesale and retail inventories in August alongside a declining trade deficit.
July stats suggest modest growth for cutting tools, but areas of concern remain.
The cut was smaller than some were hoping for, but it appears several more will be issued by the end of 2025.
