ÂÌñÏ×ÆÞ

Published

GBI holds expansion ground in September

While all components but new orders dropped, they all remain above 50, and all components are in better standing than a year ago.

Mike Shirk
Mike Shirk
Senior Market Research Analyst, Gardner Intelligence

Share

Read Next

While the Composites Fabricating Index fell to 50.4 this month, it still remains in expansion. 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 dropped 1.7 points in September but extended its stay in expansion territory with a final reading of 50.4. In the fourth consecutive month above 50, indicating composites market growth, most components lost ground with the lone positive — new orders. This influx of orders is important to note, as it should translate to increased production.

Featured Content

Troubleshooting thermoplastic composite stamp forming
Troubleshooting thermoplastic composite stamp forming READ MORE
Biomaterials make strides toward composites sustainability
Biomaterials make strides toward composites sustainability READ MORE
Automated Composites Knowledge Center
Automated Composites Knowledge Center READ MORE

Compared to September 2024, all components’ three-month averages are in better standing. The Future Business Index remains high, but its growth is slowing.

Despite four components losing ground since August, five components remain above 50, indicating expansion.

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.

Future Business Index three-month average started to taper in September, but remained high at 65.7.

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