Finishing Activity: Growth Activity Slowed Again in July, Closes at 51.8
July is the third month of slowed expansion for Finishing this year, approaching a low reading Finishing has not seen since the end of 2020.
The Gardner Business Index (GBI): Finishing closed July with slowed expansion.
- New orders slowed the most, dropping 4 points in one month, landing on the cusp of 50 (flat.)
- Backlog, production, and employment indices also showed slowed expansion, but stayed above 50.
- Supplier deliveries continued to lengthen at a slowed rate while export activity contracted at a faster rate in July.
The Gardner Business Index (GBI): Finishing
July’s reading is a repeat of June – growth continues to slow.
Key Component Activity
Backlog and production saw growth slow to nearly the same degree new orders did in July.
Related Content
-
Columbia Chemical and Alufinish Announce Collaboration
By combining their sales and service capabilities and resources for the U.S. market, the two companies will cover the entire aluminum alloy surface treatment process from pre-treatment to anodizing and coating.
-
Successful South African Plater Beating the Odds
Remaining focused on quality and reliability, Team Plating Works stays profitable in a volatile and challenging economy.
-
Top Shop Pivots With Industry Demands
Moving from cars and motorcycles to its current aerospace and architecture customer base, this California powder coatings shop has evolved and grown with the changing market.
