February marks the highest reading since mid-2018 at 57.2, presenting an aggressive upward trend caused by elevated readings for every index component.
February reached a high of 57.1. Orders and backlog readings for the month rose to levels last reported in mid-2018 with March’s employment activity matched readings last reported in mid-2019.
The GBI 2020 Year In Review looks back at business activity data over the last 12-months in order to give manufacturing leaders the insights they will need to maximize their success in 2021.
Slowing new orders, production and backlog activity result in a 47.9 reading for November, indicating a potential incoming challenge for the world supply chains as we enter 2021.
October saw slowing expansionary activity, an advancement caused by slowing supplier deliveries and an expansion in employment activity for a third consecutive month.