Moldmaking Index Sees Gains, Still Short of Expansion
August results show improvement, but not enough to push the Index over the line and into expansion.
Moldmaking Index
Just shy of expansion, the Moldmaking Index rose to 49.7 in August.The Future Business Index improved again to 64.4 in August.
The Gardner Business Index (GBI) measures the current state of moldmaking activity through survey responses covering new orders, production, backlog, employment, exports and supplier deliveries. A reading above 50 indicates expansion; below 50 indicates contraction.
Components Scorecard
Three-month averages for all components beat year-ago results, and only supplier deliveries failed to exceed July.
The GBI Components Scorecard reports the monthly change rate of primary moldmaking 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 period. Pointing up is always better.
Future Business Index
The Future Business Index improved again to 64.4 in August.
The GBI Future Business Index is an indicator of the future state of the moldmaking market from industry respondents regarding their opinion of future business conditions for the next 12 months. Over 50 is expansion and under 50 is contraction.
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