The moldmaking index experienced a high degree of accelerated contract, primarily driven by production, new orders and backlog readings.
While contraction has been an ongoing course for activity in the GBI: Moldmaking, its slight slowing might suggest that positive change is coming.
While most component activities remained unchanged in September, employment and supplier deliveries indicate a brief let-up from the contraction trend.
The August Gardner Business Index (GBI): Moldmaking saw more of the same contraction activity that has been reported the last four months.
The GBI Moldmaking ended the month at 45.8, down one point from June, with components contracting or nearing contraction activity.
Several components contracted even faster in June, driving a consecutive second 0.6-point drop in moldmaking activity.
Contraction, experienced by most May components, continues to be familiar territory for the GBI: Moldmaking Index.
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.
Growing for the first time since August 2022, the Gardner Business Index (GBI) Moldmaking ended March at 50.9, somewhat against the odds given the market developments that month.
Despite contracting activity, moldmaking landed itself on the cusp to potential expansion in March, further encouraged by the slowing contraction of most Index components.
Moldmaking activity contracted again in January, but the pace has continued to slow, suggesting that things might be looking up if it continues.
The Gardner Business Index Moldmaking closed in December at 47.2, up two points from November’s 45.2, a positive note after several months of downturned activity.
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