Ecomonics
Moldmaking Activity Returns to Accelerated Contraction
February’s index dropped from the more positive readings seen in January, landing on par with July 2023 and remaining in contraction mode.
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Moldmaking Activity Begins 2024 With Slowed Contraction
January index reading reflects February-March 2023 readings as it slinks toward a reading of 50. There are high hopes that it may continue on this path to sustained expansion for 2024.
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Contraction in Moldmaking Activity Slowed According to GBI
The moldmaking index almost bounced back to November’s reading but stopped one point shy, as most components slowed or stabilized contraction in December.
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November GBI Saw a Drop in Moldmaking Activity
The moldmaking index experienced a high degree of accelerated contract, primarily driven by production, new orders and backlog readings.
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GBI Shifts to Second Straight Month of Slowing Contraction
While contraction has been an ongoing course for activity in the GBI: Moldmaking, its slight slowing might suggest that positive change is coming.
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GBI: Moldmaking Undertakes Slightly Slowing Contraction
While most component activities remained unchanged in September, employment and supplier deliveries indicate a brief let-up from the contraction trend.
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Contraction is the Consistent Trend for Moldmaking
The August Gardner Business Index (GBI): Moldmaking saw more of the same contraction activity that has been reported the last four months.
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Moldmaking Industry GBI Contracts for Four Months Straight
The GBI Moldmaking ended the month at 45.8, down one point from June, with components contracting or nearing contraction activity.
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June GBI: Moldmaking — More of the Same
Several components contracted even faster in June, driving a consecutive second 0.6-point drop in moldmaking activity.
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May Moldmaking Index Trends Downward
Contraction, experienced by most May components, continues to be familiar territory for the GBI: Moldmaking Index.
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