The GBI: Composites Fabricating in November continued its general slow-going path of contraction that began in April 2023.
The GBI: Composites Fabricating index has contracted for the seventh month in a row, with one notable change in component activity.
The GBI: Composites contracted faster again in September, closing down 1.6 points to 45.9, the lowest the index has been in more than 2 years.
The GBI: Composites contracted again in August, but closed up 1.1 points from July, ending 5 straight months of a downward trend.
The GBI: Composites maintains its consistent downward trend for the fifth month in a row.
The GBI: Composites has contracted since April, just barely remaining within a two-point range of 50.
The GBI: Composites closed May at the same reading reported in April, with some minor fluctuations in component activity.
The Gardner Business Index closed April down 1.1 points, continuing its journey from expansion in February, to flat in March and ultimately contracting in April.
The GBI: Composites Fabricating closed March flat, losing 1.3 of the 3.1 points gained in February.
The GBI: Composites Fabricating closed February at the same level it was in November 2022, right before experiencing a rare two months of contraction.
The GBI: Composites Fabricating closed January at around the same contractionary reading in December, with a majority of components following suit.
For the first time in two years, the Composites Fabricating Index has contracted, though components continue to shift between expanding and contracting activity.
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