Metalworking Index Extends Upward Breakout
All components of the Gardner Business Index: Metalworking sustained continued expansion in February.
With a reading of 43.3, Gardner’s Metalworking Business Index showed that the industry contracted in August for the fifth month in a row to its lowest level since July 2009, when the index was 36.5.
The GBI: Metalworking has reached a reading of 62.8, with most of the Index components at or near all-time highs.
Index sets back-to-back all-time lows stemming from extended COVID-19 turbulence.