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Future capital spending plans continue to increase, hitting $1 million for the first time since July 2014.

Index improves on strength of production and employment; future spending is strong, especially in mid-sized facilities.

Registering 51.4 for August 2018, the Gardner Business Index (GBI): Moldmaking recorded another month of volatile but slowing growth since reaching an all-time high in February.

The Gardner Business Index (GBI): Moldmaking reached its highest level in nearly a year with an April reading of 55.7, a level which it last registered in May 2018. Readings above 50 indicate expanding business activity, while a value of 50 indicates no change and below 50 indicates contracting business activity. 

Moldmaking continues on the slowing expansion trend for the month of May according to Gardner Business Intelligence’s latest report on the Moldmaking Index. 

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.

The economy continues to downshift, capping growth in moldmaking.

Third quarter ends on a high note with expanding backlog, production, export and employment activity.

November’s 59.1 reading indicates that a greater proportion of moldmakers reported expanding production relative to new orders, a first since April of this year.

Automotive manufacturers may be hedging their output despite strong new order demand. Gardner Business Intelligence’s (GBI) review of consumer confidence, employment and credit markets all point to a strong 2017 for consumer spending.