Steven Kline Jr. wrote in the December 2012 issue of Modern Machine Shop page 160 the overall metalworking business index MBI is now 46.5.
Steve stated that, "Growth has been decelerating at a consistent rate for most of 2012, but the rate of contraction has not been accelerating as fast as that rate of growth was decelerating. This is a subtle shift, but could indicate the beginning of a bottom to this low point of the cycle." The main positive for the report is the Future Business Expectations are improving with an improving trend for the last 41 months.
View this report by CLICK HERE