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Finishing Activity: October index of 48.9 marks the first month of contraction this year

Finishing activity has not contracted since July 2020.

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The Gardner Business Index (GBI): Finishing closed October with more finishers saying activity is slowing down than looking up.

  • Three components solidly contracted in October, backlog at a faster rate than new orders and exports.
  • Production is essentially flat in October, chipping away at backlog more than fulfilling new orders.
  • Supplier deliveries lengthened another month, approaching more typical levels that trends suggest are likely to materialize next month, indicating supply chain pain may be easing.  
  • Employment activity continued to expand at slowed rates as the labor shortage remains.

The Gardner Business Index (GBI): Finishing

October’s index indicates contraction.
Photo Credit: GBI

Key Component Activity

Three components solidly contracted in October.
Photo Credit: GBI

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