Economics
Most Metalworking GBI Components Contracted in May
Four components contracted slightly more than in April, including production, new orders, exports and backlogs.
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Metalworking Activity Contracted Marginally in April
The GBI Metalworking Index in April looked a lot like March, contracting at a marginally greater degree.
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Metalworking GBI Contracted in March After One-Month Reprieve
February’s call for cautious optimism was well placed…market dynamics in March put a damper on what had been metalworking activity’s modest re-entry to growth mode in February.
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Metalworking Activity Crept Into Growth Mode in February
The GBI closed at 50.6 in February, calling for cautious optimism.
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Metalworking Activity Contraction Slows Slightly in January
Most components held steady in January, but new orders and exports showed ever-so-slight slowing of contraction.
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Metalworking Activity Remained Contractionary in December
Metalworking activity remained contractionary at the same rate as in November. Stable contraction is relatively good in the current environment.
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Metalworking Activity Contracted in November
Contraction was hard to dodge with metalworking activity expansion steadily slowing since March.
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Mixed Bag Ahead for US Metalworking Economy
While what has been an extraordinarily robust manufacturing economy has softened in recent months, and the near-term outlook appears to be more of the same, the overall scenario remains strong. Even a possible recession next year does not appear to be an obstacle to continued growth over the next few years.
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Metalworking Activity Stays Flat in October
The GBI for Metalworking 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.
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Metalworking Activity Flattens in September
It has been nearly two years since the Gardner Business Index for Metalworking was 50.
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