Moldmaking Contraction Slows in October
Many components contracted less while some stayed flat.
The Gardner Business Index (GBI) is an indicator of the current state of moldmaking based on survey responses regarding new orders, production, backlog, employment, exports and supplier deliveries. Over 50 is expansion, under 50 is contraction.
The October GBI shows the moldmaking market remains in a state of contraction, but contraction slowed from September by more than 1.5 points. Materials prices increased again while prices received remain mostly flat.
Scorecard
The GBI Components Scorecard reports the monthly change rate of primary composites market factors contributing to the overall monthly index reading.
Reading the Scorecard:
Color indicates where a component value falls relative to 50 for the current month. Green indicates expansion; red indicates contraction.
Shade indicates a value’s distance from 50; the darker the shade, the further from 50.
Direction indicates a value’s change versus the previous time period. Pointing up is always better.
Future Business Index
The GBI Future Business Index is an indicator of the future state of the moldmaking market considering industry respondents regarding their opinion of future business conditions for the next 12 months. Over 50 is expansion, under 50 is contraction.
The index remained positive and improved by nearly two points over the previous month.
Find the latest moldmaking market research and reporting at GardnerIntelligence.com
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