‘Industrial equipment supplier’ anvil industry, Dow industrial average set for record highs, Dow industrial average up by 1.2%
Posted On May 25, 2021
Dow Industrial Average has hit an all-time high as a new industrial equipment supplier anvil, according to Dow’s latest Industry Insight report.
Industrial Equipment Supply, an index of industrial equipment suppliers compiled by Dow, has hit record highs since the start of the year, with an industry of over 3,200 companies contributing to the index, which is compiled annually.
Dow is not only the largest equipment supplier but also one of the biggest industries in the world, according an analysis by the Center for Economic and Policy Research.
The index shows that Dow is the world’s largest equipment supply chain, with over $4 trillion worth of equipment being produced in the US each year.
Industry experts say the industry is experiencing a significant growth spurt, as companies are looking to boost sales, increase productivity, and diversify into new markets.
The new equipment supplier index is now up nearly 1.3% from the previous week, according the report, which also shows that the Dow industrial equipment index is up 0.3%.
This is the second week in a row the index has increased by more than 10%.