The Gardner Business Index: Metalworking moves back to former growth levels from earlier in business cycle.
Chief Economist & Director of Analytics, Gardner Intelligence
Index components continue to move toward 50, led by production and new orders
July data extends the slowing contraction trend initially reported in May.
The metalworking industry index signals decelerating contraction for a second consecutive month.
Index signals decelerating contraction as new orders and production readings move higher.
Index sets back-to-back all-time lows stemming from extended COVID-19 turbulence.
The reading hits a record low as new orders contract, exports shrink and unemployment soars.
As efforts to counter COVID-19 affect the global supply chain, Gardner Intelligence is carefully tracking their potential impact on the industry.
Index to report first expansion since May, driven by production and new orders.
All components end 2019 reporting higher readings than the previous month.
The November Metalworking Businesses Index falls further as new orders, production contract.
The Index posts mild contraction despite growing new orders.
Index sees modest rebound after July lows.
Leading components of the index experience rapid change.
Expanding activity in production leads Index growth.
Supplier deliveries, production, employment and new orders supporting the industry.
Index posts identical readings over three-month period.
The metalworking index records the fourth month of very consistent expansion.
The February Index records four months of consistent expansion.
December’s Index marked 24 consecutive months of growth.
The Gardner Business Index (GBI): Metalworking’s November reading of 54.7 marks the 23rd consecutive month of expansion.
Weakness in exports seems to have little effect on total new orders.
Supplier deliveries drove the index in September.
Five of six business indicators show significant growth.
Registering 55.6 for July, the Gardner Business Index (GBI): Metalworking continues to report readings well above average.