The Gardner Business Index (GBI) and the majority of its components showed up in June at a slowing rate of expansion that has not been seen since early 2021.
Moldmaking continues on the slowing expansion trend for the month of May according to Gardner Business Intelligence’s latest report on the Moldmaking Index.
Slowed expansion in April is no surprise for the Gardner Business Index (GBI): Moldmaking, which has vacillated between faster and slower rates for the past year. Component readings may suggest an easing of supply chain holdups.
The Moldmaking Index has seen a rise of more than six points since the end of 2021, manifested primarily between the months of February and March as new orders, backlog and production continue to accelerate.