Improving supplier deliveries and strong future business index point to opportunities ahead.
New orders, production and prices components all improved over October, though the GBI is still seeing contraction.
In September new orders and employment were up slightly, future business outlook improved and material prices dropped.
Future business outlook has improved but most other measures have continued contraction or remain “flat.”
GBI: Composites Fabricating landed at 41.6, becoming one of the index’s more significant declines in 2024 so far.
Composites Fabricating’s second month of contraction, also reflected in other industry segments, suggests larger factors are at play.
The total index reading backed down in May from its anticipated expansion, contracting again to land at 46.8.
While the Composites Fabricating index still contracted in April, it continues to close in on a reading of 50, which indicates expansion.
The GBI: Composites Fabricating still contracted in March, though it landed just one point shy of 50, which could eventually lead it into expansion territory.
The GBI: Composites Fabricating contracted in February to the same degree as January, maintaining its position in a contraction zone.
The GBI: Composites Fabricating contracted in January to about the same degree it did in December, representing a move in the right direction.
The GBI: Composites Fabricating contracted a little more slowly in December, landing between August and September 2023 values.
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