The latest BCI report shows two measures growing and all four measures staying above 50, the index level indicating expansion or growth. General Business Conditions rose 2.9 points to 60.5; Quotations rose 5.2 points to 60; Shipments dropped 16.6 points from its record high of 69.9 to 53.3 points; and New Orders dropped 1.5 points to 61.7 points. With three points in the 60's and shipments recording a score in the 50's, all four measures continue to point to strength in the packaging machinery sector.
"Though we saw a dip in the indices over the holidays, January's figures continue to support the notion that companies are using this period to both quote and purchase capital equipment," says Charles D. Yuska, president of PMMI. "This activity, combined with the Administration's tax proposals for businesses regarding the writing down of capital equipment, could provide much-needed relief in the manufacturing sector."
