Metalworking Activity Contracted Marginally in April
Modern Machine Shop
MAY 7, 2023
The Metalworking Index closed at 48.0 in April, down almost one point versus March. Similarly, components minimally strayed from March readings in April, with three of the six — new orders, exports and backlog — contracting at the same pace or a bit faster versus last month. Production, which had crept into expansion in March, was flat in April.
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