Moldmaking Activity Contraction Continues in September
Almost all indicators are down or flat compared to last month.
Source (All images) | Gardner Intelligence
The Gardner Business Index (GBI) is an indicator of the current state of moldmaking considering survey responses regarding new orders, production, backlog, employment, exports and supplier deliveries. Over 50 is expansion. Under 50 is contraction.
The September GBI shows the moldmaking market continues to contract overall and is at its lowest in the last year. Materials prices, exports and future spending increased slightly, but all other measured factors are down this month.
Scorecard
The Gardner Business Index (GBI) Components Scorecard reports the monthly change rate of primary composites market factors contributing to the overall monthly index reading.
Reading the Scorecard:
Color indicates where a component value falls relative to 50 for the current month. Green indicates expansion; red indicates contraction.
Shade indicates a value’s distance from 50; the darker the shade, the farther from 50.
Direction indicates a value’s change versus the previous time period. Pointing up is always better.
Future Business
The GBI Future Business Index is an indicator of the future state of the moldmaking market considering industry respondents regarding their opinion of future business conditions for the next 12 months. Over 50 is expansion and under 50 is contraction.
The index remained positive but dropped very slightly, with continued contraction indicating slower future growth expectations.
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