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Survey of Midwest manufacturers showed a slippage in orders, confidence

Friday, September 2, 2016   (0 Comments)
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Tom Schabel from AEC member company Alexandria Industries commented on the economy in a recent Minnesota StarTribune article that revealed a survey of Midwest manufacturers showed a slippage in orders, confidence and other conditions last month for the second month in a row.

 

In Minnesota, businesses not tied to oil, mining and crop equipment reported a good month, including Tom Schabel, CEO of aluminum extrusion firm Alexandria Industries. This year, orders from auto and gun makers are “extremely robust,” Schabel said.

“This year, we’ve had more suppliers and customers ask if we are seeing any signs of a slowdown,” Schabel said. “No one says they are slowing, but that question gives you [the sense] that confidence is not as robust as it was maybe six or nine months ago. And I don’t like hearing that the [ISM index] has gone down because that’s pretty darn accurate.”  More...


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