Metalworking GBI Contracted in March After One-Month Reprieve
February’s call for cautious optimism was well placed…market dynamics in March put a damper on what had been metalworking activity’s modest re-entry to growth mode in February.
Jan Schafer
Director of Market Research
Metalworking Activity Contracted in November
Contraction was hard to dodge with metalworking activity expansion steadily slowing since March.
Mixed Bag Ahead for US Metalworking Economy
While what has been an extraordinarily robust manufacturing economy has softened in recent months, and the near-term outlook appears to be more of the same, the overall scenario remains strong. Even a possible recession next year does not appear to be an obstacle to continued growth over the next few years.
Metalworking Activity Stays Flat in October
The GBI for Metalworking reflects stability of most of the six GBI components that had been losing ground months prior. Ordinarily underwhelming, flat is good when it means not contracting.
Metalworking Activity Flattens in September
It has been nearly two years since the Gardner Business Index for Metalworking was 50.
Metalworking Growth Stays Consistent in August
All components of metalworking activity contributed to the consistent slowdown in the past few months.
Metalworking Growth Posts Another Month of Steady Slowing
All components of metalworking activity in July 2022 contributed to the slowdown in what has become a consistent pattern the past few months.