February MBI is Relatively Unchanged

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The Metalworking Business Index for February was 49.6 according to Steve Kline Jr. Market Analyst of Modern Machine Shop magazine in the March issue.

Specifically the backlogs and exports are still contracting and are the leading cause of the resulting index. On the positive side new orders and production did grow in February.

The two areas that are still experiencing growth are the non-auto forming, fabricating and pump valves and plumbing industries.