DURABLE GOODS SPENDING GROWS 8.0% IN DECEMBER

St. Paul, MN (February 10, 2020) — In December, the month-over-month rate of growth for durable goods spending was 7.9%, which was the fastest rate of growth since May 2018, according to Gardner Business Media. This was just the second month of faster than average growth since July 2018.

The annual rate of growth accelerated significantly to 4.7%. This was the fastest rate since April 2019. Because the real 10-year Treasury rate declined in 2019, and because of the acceleration in quarterly growth, there should be further accelerating growth in the first quarter of 2020.

Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.

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For more information about Matsuura, please contact: [email protected]