Composites Index climbs closer to expansion
Rising readings across the GBI build a case for sustained composites growth headed into 2025.
The 3.6-point jump from November reflects the Composites Index’s trend toward expansion headed into the new year. 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 Index climbed to 47.3 in December 2024, pushing toward expansion territory with the help of broad component support. Five of six components rose from November as employment saw its second consecutive monthly gain. Production and new orders each rose nearly two points while supplier deliveries and backlog posted more modest growth. Exports was the only component to decline from November.
Future business outlook improved by 8.4 points.
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
Related Content
-
Composites industry heads into slightly accelerated contraction in November
The GBI: Composites Fabricating in November continued its general slow-going path of contraction that began in April 2023.
-
Composites GBI shows faster activity contraction
The total index reading backed down in May from its anticipated expansion, contracting again to land at 46.8.
-
Index remains in expansion territory despite uncertainties
The composites market saw a slight decline in the index, component and future business results but maintained a positive reading overall.