Composites Fabricating returns to expansion territory

The Composites Fabricating Index returned to a spot in expansion territory. 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 is on the rise again with a 2.4-point gain gain from May, moving back into expansion territory with a June reading of 51.8. All components, except supplier deliveries, contributed to the month’s improvement, highlighted by significant gains in employment, production, new orders and exports. Employment is now well above the 50 mark, indicating growth in the composites workforce. The Future Business Index also showed improvement in June, ending the decline in the industry’s 3-month average and revealing continued optimism among composites fabricators.

Significant gains were seen in employment, production, new orders and exports.

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 remains positive at 59.3.

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.

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