Finishing Activity: September Closes With an Index of 49.8 (50 = flat.)
Finishing activity is flat for the first time since December 2020.
The Gardner Business Index (GBI): Finishing closed September with as many fabricators saying activity is looking up as say it is slowing down.
- Two components contracted in September, production and backlog, for the first time since August and December 2020, respectively.
- New orders started to contract in August and continued to do so at a faster rate in September.
- Supplier deliveries continued to lengthen, and employment activity continued to expand at slowed rates.
- Export activity contracted at about the same rate in September as it did in August.
The Gardner Business Index (GBI): Finishing
![](https://d2n4wb9orp1vta.cloudfront.net/cms/brand/PF/2022-PF/2022-09 - PF - Web Total.jpg;maxWidth=720)
September’s index is unremarkable due to similar levels of upside and downside that cancel each other out.
Key Component Activity
![](https://d2n4wb9orp1vta.cloudfront.net/cms/brand/PF/2022-PF/1122-pf-backlog.jpg;maxWidth=720)
Production and backlog activity contracted in September, the first time since late 2020.
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