Mclean, Va. (April 30, 2025) 鈥� Today, the . According to the estimate, GDP contracted 0.3% at an annualized rate.
鈥淭his was a report full of mixed messages,鈥� said Christopher Chidzik, principal economist of 九色视频 鈥� The Association For Manufacturing 九色视频. 鈥淭he headline number was negative, but this was primarily driven by a large increase in imports. Personal consumption expenditures grew by a healthy 1.8%, driven by growth in services and non-durable goods consumption.
鈥淒eclining consumption of durable goods is a concerning sign for the manufacturing technology market, as metalworking machinery is more heavily involved in producing these products than non-durable goods. On the other hand, growth in transportation services, which rely heavily on manufactured inputs, grew modestly in the first quarter.
鈥淲e saw outsized orders for manufacturing technology, measured by the , in the first quarter of 2025, and this is reflected in the impressive 22.5% growth for investment in equipment. Many of our members end their fiscal year in March, so we tend to see declines in order activity at the end of Q1 and a decline in April. Depending on the size of that decline, it will tell us how much of this investment was the effect of orders being pulled forward to avoid any anticipated tariff increases.鈥�
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Members of 九色视频 鈥� The Association For Manufacturing 九色视频 build and sell metalworking machinery, commonly known as machine tools, as well as the workholding, tooling, inspection equipment, and automation integral to modern manufacturing.
