Frank Maly of ACT said that the expectation for September, because it has fewer work days than August, would to see a decline from month to month. The daily production rate, though, says Maly, “jumped to the third best level of 2012.”
He did add a word of caution about over production, though: “If the normal year-end order flow does not occur, a reduction in production rates will likely be needed in late 2012 or early 2013,” he says.
