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Moldmaking Industry GBI Ends August Flat

The August Gardner Business Index (GBI) indicated a lack of growth, having squeaked out a reading just barely above the line dividing expansion and contraction.

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Moldmaking August Index.

GBI: Moldmaking managed to stay just barely on the expansion side in August. Photo Credit, all images: Gardner Business Intelligence 

The Gardner Business Index (GBI) Moldmaking closed August at 50.5, about the same as July’s 49.8 reading. The optics of August’s Moldmaking Index are improved, however, having squeaked out a reading just barely above the line dividing expansion and contraction.

August is another straight month of deceleration for every Index component. Backlog, which has not contracted since the start of 2021, solidly joined new orders in this regard; the last time new orders experienced contraction was July 2020. Numerically, production also (barely) landed in the contraction space in August. Following closely behind, employment growth slowed, ending the month knocking at the door of contraction. Supplier deliveries still lengthened, but at continually slowing rates.

 
Decelerated growth for GBI: Moldmaking August.

Related metrics, new orders and backlog, both contracted in August. Growth decelerated for every other component, each edging closer to contraction. (This graph is on a three-month moving average.)

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