Moldmaking Activity Begins 2024 With Slowed Contraction
January index reading reflects February-March 2023 readings as it slinks toward a reading of 50. There are high hopes that it may continue on this path to sustained expansion for 2024.
Jan Schafer
Director of Market Research
GBI: Moldmaking Undertakes Slightly Slowing Contraction
While most component activities remained unchanged in September, employment and supplier deliveries indicate a brief let-up from the contraction trend.
Contraction is the Consistent Trend for Moldmaking
The August Gardner Business Index (GBI): Moldmaking saw more of the same contraction activity that has been reported the last four months.
Moldmaking Industry GBI Contracts for Four Months Straight
The GBI Moldmaking ended the month at 45.8, down one point from June, with components contracting or nearing contraction activity.
June GBI: Moldmaking — More of the Same
Several components contracted even faster in June, driving a consecutive second 0.6-point drop in moldmaking activity.
May Moldmaking Index Trends Downward
Contraction, experienced by most May components, continues to be familiar territory for the GBI: Moldmaking Index.
Moldmaking GBI Returns to Contraction After One-Month Respite
After a challenging move into the 50s in March, the April GBI returned to a mostly consistent state of contraction, the result of recent market dynamics.