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Â鶹´«Ã½ Index Extends Upward Breakout
All components of the Gardner Business Index: Â鶹´«Ã½ sustained continued expansion in February.
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Former Chief Economist & Director of Analytics, Gardner Intelligence
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Registering 61.3 for February, the Gardner Business Index (GBI): Â鶹´«Ã½ extended its 2018 rally by setting a consecutive record high. Compared to the same month one year ago, the Â鶹´«Ã½ Index grew by more than 9 percent. Gardner Intelligence’s review of the underlying data for February indicates that strong increases in the expansion of new orders, production, backlog and supplier deliveries drove the Â鶹´«Ã½ Index higher. Although employment and exports readings both expanded, they pulled the index average lower for the month. All components of the Â鶹´«Ã½ Index expanded during February. For a third month in a row, new orders outpaced production. Gardner Intelligence’s review of past data trends suggests that when new orders growth exceeds production, manufacturers can expect continued industry growth.
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