Finishing Activity: May Expansion Slowed, Closing at an Index of 57.3
May marks the first slowing of Finishing’s expansion this year, the time prior being December 2021.
The Gardner Business Index (GBI): Finishing closed May with slowed expansion.
- Backlog, new orders, and production indices all paralleled the overall Finishing index with slowed expansion.
- Good signs in May are that employment activity continued to expand at a faster rate while expansion of supplier deliveries slowed again (from an artificially high level.)
- Export activity contracted at about the same rate as every other month this year.
The Gardner Business Index (GBI): Finishing (Total index)
![](https://d2n4wb9orp1vta.cloudfront.net/cms/brand/PF/2022-PF/2022-05 - PF - Web Total.png;maxWidth=720)
May’s reading showed further slowing of expansion.
Key Component Activity
![](https://d2n4wb9orp1vta.cloudfront.net/cms/brand/PF/2022-PF/2022-05 - PF - Web Empl-SupDel.png;maxWidth=720)
Slowed expansion of supplier deliveries combined with an increased rate of employment activity are May’s good signs for Finishing.
Related Content
-
Bryan Leiker, MFACA, Discusses CARB Public Hearing Over Calif. Hex Chrome Ban
Bryan Leiker, executive director, Metal Finishing Association of California, offers a recap of a January 27, 2023, public hearing conducted by the California Air Resources Board prior to an impending ruling on a proposed ban of hexavalent chromium use for finishing operations in the state.
-
Henry Ford Is Still Right When It Comes to Color
Who would have imagined that more than 100 years after his famous statement about any color as long as it’s black would still have relevance of a sort?
-
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.