Composites Fabricating Index continues positive position

Composites Fabricating sits essentially unchanged in July. Source (All Images) | Gardner Intelligence

The Gardner Business Index (GBI) is an indicator of the current state of composites fabricating considering survey responses regarding new orders, production, backlog, employment, exports and supplier deliveries. Over 50 is expansion. Under 50 is contraction.

The Composites Fabricating Index for the month of July maintained its standing in expansion territory with a negligible drop of 0.1 point, bringing the total reading to 51.7. Five of six primary components now have 3-month averages at or above the “50” mark, indicating sustained health and growth in the composites market; other manufacturing processes tracked by the GBI cannot say the same. The Future Business Index saw another significant boost, gaining 3.5 points from June (see below), placing the 3-month average at 62.8.

Five of six components have maintained 3-month averages at or above a reading of “50,” indicating a strong composites market. All components have improved on results from a year ago.

Reading the scorecard

Color indicates where a component value falls relative to 50 for the current month. Green indicates expansion; red indicates contraction.

Shade indicates a value’s distance from 50; the darker the shade, the further from 50.

Direction indicates a value’s change versus the previous time period. Pointing up is always better.

The Future Business Index’s 3-month average saw growth in July, rising to 62.8.

The GBI Future Business Index is an indicator of the future state of the composites fabrication market industry respondents regarding their opinion of future business conditions for the next 12 months. Over 50 is expansion and under 50 is contraction.

Find the latest composites fabrication market research and reporting at GardnerIntelligence.com

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