St. Paul, MN (December 12, 2019) — According to Gardner Business Media, the annual rate of contraction in the U.S. monetary base decelerated for the first time since it began contracting in October 2018.
In November, the monetary base was $3.334 trillion, which was its highest level since March 2019. While it was the 21st consecutive month of month-over-month contraction in the monetary base, November’s rate of month-over-month contraction, -4.6%, was the slowest since July 2018. Additionally, it was the fourth time in five months that the rate of contraction was slower than 10%.
The annual rate of contraction in the money supply, -10.3%, decelerated for the first time since it began contracting in October 2018. It seems likely that the rate of contraction in the money supply has bottomed, which would be a positive sign for capital equipment consumption. A decelerating contraction in the annual rate of change in the money supply tends to lead to a decelerating contraction in capital equipment spending.
Read more from Gardner Intelligence at: https://www.gardnerintelligence.com/
With such positive economic indicators, now is the time to take advantage of Matsuura’s 2019 Year End Sales Event. Customers are encouraged to contact their local Matsuura Distributor for information and availability.
- Most Matsuura Models in Inventory Included
- Special Financing Options Available
- Act now to take advantage of substantial tax savings and lower your cost of ownership
- Savings Subject to Inventory
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.
For more information about Matsuura, please contact: [email protected] or visit: www.matsuurausa.com.