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)
May’s reading showed further slowing of expansion.
Key Component Activity
Slowed expansion of supplier deliveries combined with an increased rate of employment activity are May’s good signs for Finishing.
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