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Volatile shifts in the Moldmaking Index components may be a sign of more to come.
Sustainable growth remains in the forecast as economic conditions continue to progress.
July Index reading exceeds 50 on expanding new orders.
Strong expansion in production and quickening supplier deliveries hint at a rebound.
The Moldmaking Index signals decelerating contraction as all components report improved readings.
Expanding new orders and production were offset by downside surprise in supplier deliveries and on-going weakness in exports and backlogs for the Moldmaking Index in October.
The MoldMaking Index points to the expansion of new orders for the first time since COVID-19 shook the economy in March.
January’s moldmaking index reading being so near to 50 indicates that business activity was little changed for a second consecutive month.
This month’s Gardner Business Index: Moldmaking reported slowing contraction in September with an unanticipated strong contractionary employment reading.
The Moldmaking Index adjusts as the world economy pauses to address COVID-19.
