Moldmaking Sector Sees Future Optimism Despite Current Challenges Subhead
Strong future expectations signal potential rebound as automotive and medical sectors prepare for growth.
Moldmaking Index
The Gardner Business Index (GBI) measures the current state of moldmaking activity through survey responses covering new orders, production, backlog, employment, exports and supplier deliveries. A reading above 50 indicates expansion; below 50 indicates contraction.
The moldmaking industry recorded a GBI of 43.7 in November 2024. Production fell to 40.2, reflecting reduced activity among moldmakers, though new orders showed signs of stabilization, rising to 39.9 as manufacturers prepare for anticipated automotive tooling programs.
Components Scorecard
The GBI Components Scorecard reports the monthly change rate of primary moldmaking 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 further from 50.
Direction indicates a value's change versus the previous period. Pointing up is always better.
Future Business Index
The GBI Future Business Index is an indicator of the future state of the moldmaking market from industry respondents regarding their opinion of future business conditions for the next 12 months. Over 50 is expansion and under 50 is contraction.
The Future Business Index surged to 64.7 in November, reflecting growing confidence in the moldmaking sector, likely stemming from recent election results and anticipated production needs heading into 2025.
Find the latest moldmaking market research and reporting at GardnerIntelligence.com
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Moldmaking Accelerated Contraction in June
June’s moldmaking index took a relatively steep downward turn, landing at a new low for the year.
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Moldmaking Industry GBI Snuck Into Growth Territory in March
Growing for the first time since August 2022, the Gardner Business Index (GBI) Moldmaking ended March at 50.9, somewhat against the odds given the market developments that month.
