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April’s moldmaking index contracted again but continued to inch toward a reading of 50 — the hurdle to cross before entering expansion.  

While contraction has been an ongoing course for activity in the GBI: Moldmaking, its slight slowing might suggest that positive change is coming.  

The moldmaking index almost bounced back to November’s reading but stopped one point shy, as most components slowed or stabilized contraction in December.

The moldmaking index experienced a high degree of accelerated contract, primarily driven by production, new orders and backlog readings.

The GBI Moldmaking ended the month at 45.8, down one point from June, with components contracting or nearing contraction activity.

While still contracting, March’s moldmaking index is back on track, albeit at a slower pace, to potentially cross back over into expansion territory.  

While most component activities remained unchanged in September, employment and supplier deliveries indicate a brief let-up from the contraction trend.

After a challenging move into the 50s in March, the April GBI returned to a mostly consistent state of contraction, the result of recent market dynamics.

Growing for the first time since August 2022, the Gardner Business Index (GBI) Moldmaking ended March at 50.9, somewhat against the odds given the market developments that month.  

Several components contracted even faster in June, driving a consecutive second 0.6-point drop in moldmaking activity.