Â鶹´«Ã½ Activity Stays Flat in October
The GBI for Â鶹´«Ã½ reflects stability of most of the six GBI components that had been losing ground months prior. Ordinarily underwhelming, flat is good when it means not contracting.
Share
The Gardner Business Index for Â鶹´«Ã½ hovers around 50 (49.6, to be exact) for the second month in a row, reflecting stability of most of the six GBI components that had been losing ground months prior.
New orders and exports contracted again, but at slower rates than in September, landing on top of each other in October. Employment and production hint at leveling off in October. Backlog is essentially unchanged, in part a function of contracting new orders. Supplier deliveries continue to lengthen at slower rates, entering levels in line with more typical, pre-pandemic readings. While employment stands alone in growth mode, reports of having more employees does not mean there are enough.
Â鶹´«Ã½ GBI is essentially flat in October, reflecting mostly flat components. Photo Credit: Gardner Intelligence
Production stayed flat in October. Backlog and employment slowed in October, both landing close to September levels of contraction and growth, respectively. (3-MMA = three-month moving averages). Photo Credit: Gardner Intelligence
Related Content
-
Â鶹´«Ã½ Activity Continues its Roller Coaster Year of Contraction
October marks a full year of metalworking activity contracting, barring just one isolated month of reprieve in February.
-
Optimism Grows as Â鶹´«Ã½ Index Improves Again in November
A sharp increase in future business expectations underscores hopeful conditions in 2025.
-
Â鶹´«Ã½ Index Shows Continued Recovery
December marks third consecutive month of metalworking improvement on the heels of increased supplier deliveries.