Finishing Activity: November Index of 47.7 Signals Contraction at a Faster Pace
Finishing activity has contracted two months in a row.
The Gardner Business Index (GBI): Finishing closed November like October, with more finishers saying activity is slowing than growing.
- Four components contracted in November to drive contraction of overall GBI: Finishing.
- Backlog and new orders activity have steadily contracted at a faster pace since August, landing at the same point in November.
- Production activity went from flat in October to contracting in November, while exports continued to contract at a consistent pace.
- Supplier deliveries and employment still expanded in November, but the rates are slowing.
- Indications are supply chain issues are easing but employment activity may contract in the new year.
The Gardner Business Index (GBI): Finishing
November’s index posts a second straight month of contraction.
Key Component Activity
Two of four contracting components landed at the same point in November.
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