10/30/2018 | 1 MINUTE READ

Index Sees Another Month of Volatile, Slowing Growth

Originally titled 'Index Growth Continues to Slow'
Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Registering 51.4 for August 2018, the Gardner Business Index (GBI): Moldmaking recorded another month of volatile but slowing growth since reaching an all-time high in February.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Registering 51.4 for August 2018, the Gardner Business Index (GBI): Moldmaking recorded another month of volatile but slowing growth since reaching an all-time high in February. Compared to the same month one year ago, the Moldmaking Index is down 9.3 percent, but compared to the beginning of the calendar year, it is down 15.8 percent. Gardner Intelligence’s review of the underlying data for the month reveals that contraction in new orders and backlog and no change in employment and exports were the primary drivers of the four-point drop in the Moldmaking Index between July and August. Supplier deliveries continued its accelerating growth trajectory for another month, which helped the Moldmaking Index from falling further in August.

The latest new orders reading marks an end to the longest continuous expansion in new orders on record at almost 20 months.

The contraction in new orders was a surprise given the strength of the overall manufacturing economy in 2018. The latest new orders reading marks an end to the longest continuous expansion in new orders on record at almost 20 months. By comparison, the prior new orders record, which was set in 2014, lasted only eight months. 

About the Author

Michael Guckes

Michael Guckes is the chief economist for Gardner Intelligence, a division of Gardner Business Media (Cincinnati, Ohio, United States). He has performed economic analysis, modeling and forecasting work for nearly 20 years among a range of industries. He is available at mguckes@gardnerweb.com.

RELATED CONTENT

  • Keeping Up with ISO: Sort, Set, Shine, Standardize, Sustain

    The 5S system is a working tool for ISO 9001:2015 that was developed to help mangers and work personnel systematically achieve greater organization, standardization, efficiency and safety in the workplace.

  • The Cost of Machine Tool Ownership

    How older technology will impede your business in a competitive global market and how to invest properly in moldmaking equipment.

  • The Realities of Aluminum Tooling

    Using aluminum tooling instead of traditional tools steels reduces cycle time and costs, but requires up-front, open communications between moldmaker, molder, material supplier and hot runner manifold supplier.


Related Topics