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The Gardner Business Index Moldmaking closed in December at 47.2, up two points from November’s 45.2, a positive note after several months of downturned activity.
Every component experienced contraction in July, led by enduring supply chain disruptions.
June’s moldmaking index took a relatively steep downward turn, landing at a new low for the year.
May’s moldmaking index took a downward turn, departing from what had been a five-month path of slowing contraction, inching toward flat.
The September Gardner Business Index (GBI) for moldmaking indicates more components are contracting than expanding.
April’s moldmaking index contracted again but continued to inch toward a reading of 50 — the hurdle to cross before entering expansion.
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.
While still contracting, March’s moldmaking index is back on track, albeit at a slower pace, to potentially cross back over into expansion territory.
February’s index dropped from the more positive readings seen in January, landing on par with July 2023 and remaining in contraction mode.
January index reading reflects February-March 2023 readings as it slinks toward a reading of 50. There are high hopes that it may continue on this path to sustained expansion for 2024.