Econ Intro: US Industrial Production and Construction Machinery New Orders Above 2021 Levels.

Even as leading indicators decline, some metrics point to economic improvements.

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ISM Heinrich Kraemer GmbH & Co. KG, Adobe Stock

While the leading indicators in both the U.S. and Europe declined, construction machinery new orders in the U.S. increased 11.9% above their level one year ago. In addition, in the three months through October, U.S. industrial production was 3.8% above the same period one year ago. With backorders prominent among manufacturers, this number is predicted to continue its increase.        

READ MORE: Third Quarter 2021 Continues to Show Strong Market Demand

View the corresponding Equipment Market Outlook charts for more data

NOTE: All data for charts supplied by ITR Economics