Metalworking Index Extends Upward Breakout
All components of the Gardner Business Index: Metalworking sustained continued expansion in February.
.jpg;width=70;height=70;mode=crop;format=webp)
Another month of robust new orders for manufactured goods sent the GBI: Metalworking higher. Among only metalworking job shops, strong new order growth, increased supplier delivery activity, and an unprecedented backlog level sent the index to a multi-year high.
The strong growth of new orders over the last three months has resulted in increased backlogs. Job shops reported in February that supplier deliveries increased nearly 6 percent over the last month to improve their responsiveness to strong demand. (Chart of three-month moving averages does not illustrate single-month expansion.)
Share
Related Content
-
Last Chance! 2025 Top Shops Benchmarking Survey Still Open Through April 30
Don’t miss out! Modern Machine Shop's Top Shops Benchmarking Survey is still open — but not for long. This is your last chance to a receive free, customized benchmarking report that includes actionable feedback across several shopfloor and business metrics.
-
Metalworking Activity Trends Slightly Downward in April
The interruption after what had been three straight months of slowing contraction may indicate growing conservatism as interest rates and inflation fail to come down.
-
Metalworking Activity Shows Signs of Stabilizing Contraction
Metalworking activity continued to contract in what has become a rather characteristic GBI ‘dance.’
