Ecomonics
Moldmaking Contraction Slows in October
Many components contracted less while some stayed flat.
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Moldmaking Activity Contraction Slows in August
Future business expectations still improving, but more slowly.
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Moldmaking Activity Accelerated Contraction in July
July’s moldmaking index accelerated contraction for the third month in a row, though the magnitude was considerably less than last month.
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Moldmaking Accelerated Contraction in June
June’s moldmaking index took a relatively steep downward turn, landing at a new low for the year.
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Moldmaking Activity Contracted a Bit Faster
May’s moldmaking index took a downward turn, departing from what had been a five-month path of slowing contraction, inching toward flat.
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Moldmaking Activity Has Contracted in a Desirable Direction
April’s moldmaking index contracted again but continued to inch toward a reading of 50 — the hurdle to cross before entering expansion.
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Moldmaking Activity Returns to Accelerated Contraction
February’s index dropped from the more positive readings seen in January, landing on par with July 2023 and remaining in contraction mode.
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Moldmaking Activity Begins 2024 With Slowed Contraction
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.
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Contraction in Moldmaking Activity Slowed According to GBI
The moldmaking index almost bounced back to November’s reading but stopped one point shy, as most components slowed or stabilized contraction in December.
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November GBI Saw a Drop in Moldmaking Activity
The moldmaking index experienced a high degree of accelerated contract, primarily driven by production, new orders and backlog readings.
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