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Report analyzes moldmaking trends, pricing, labor shortages, capital costs, competitiveness strategies and construction spending challenges.
Many components contracted less while some stayed flat.
While contraction has been an ongoing course for activity in the GBI: Moldmaking, its slight slowing might suggest that positive change is coming.
Future business expectations still improving, but more slowly.
The GBI Moldmaking ended the month at 45.8, down one point from June, with components contracting or nearing contraction activity.
The moldmaking index almost bounced back to November’s reading but stopped one point shy, as most components slowed or stabilized contraction in December.
The moldmaking index experienced a high degree of accelerated contract, primarily driven by production, new orders and backlog readings.
Almost all indicators are down or flat compared to last month.
After a challenging move into the 50s in March, the April GBI returned to a mostly consistent state of contraction, the result of recent market dynamics.
While most component activities remained unchanged in September, employment and supplier deliveries indicate a brief let-up from the contraction trend.
