Composites market continued expansion activity into February
GBI: Composites Fabricating’s final reading landed at 52, driven by strong component readings across the board.
All components contributing to the Composites Index saw improvement, leading to its 1.7-point jump into 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 signaled stronger expansion activity in February, gaining 1.7 points from the previous month to land at 52.0. All components contributing to the Index saw improvements over last month and last year. However, new orders and production (now in green on the Components Scorecard below) joined supplier deliveries on the expansion side (readings above 50) following significant gains over January results. The Future Business Index remained strong and added a half point for a reading of 72.0.
Industry outlook continues to remain positive.
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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