Expansion streak continues for Composites Fabricating Index
A reading almost level with September indicates continued positive conditions for the composites market.
The Composites Fabricating Index in October stayed about level with September’s reading. 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.
In October, the GBI gained one tenth of a point from the previous month for a final reading of 50.5. This kept the Index in expansion territory for a fifth consecutive month. Exports saw the biggest growth month over month, followed by improvements in production and supplier deliveries. Those gains were offset, however, by flat or declining results in other components.
The Future Business Index continues to show industry’s strong optimism, picking up 0.3 point for a reading of 66.0.
The Future Business Index continues to climb month after month.
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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