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.
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