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Index reports sequentially slowing months for first time in 2021, with total new orders and export activity breaking a longstanding equilibrium.
Falling three points in July, the Moldmaking Index’s slowing expansion in new orders and production activity continue to make apparent the widespread reporting of rising material prices.
Moldmakers have learned to do more with less, according to January Index readings. Production activity has remained robust, despite a relatively weak employment market and struggling supply chains.
June readings were propelled by accelerating expansion in new orders, backlogs, hiring and new orders activity.
December’s Moldmaking Index studies reports of a production surplus, slowing expansion, a contractionary reading for export orders and an overarching outlook on the 2021 calendar year.
May’s broad-based Index gains are supported by an accelerating expansion of new orders, production, backlogs, employment and exports activity.
October experienced accelerating activity across readings, with a greater proportion of surveyed moldmakers reported rising backlogs. Chief among these is supply chain congestion.
An 8-point gain for March Index indicates slowing order-to-fulfillment times paired with a rapid increase in orders and exports demands, taking the Index to an all-new high.
February marks the highest reading since mid-2018 at 57.2, presenting an aggressive upward trend caused by elevated readings for every index component.
Total new orders for April registered slowing growth while export orders contracted. Much of the expansion in moldmaking orders during COVID-19 has come from domestic demand.
