Finishing Activity Up Modestly in First Quarter of 2019
Gardner Intelligence’s Michael Guckes reports the March Finishing Index was 52.4.
Share
The Gardner Business Index: Finishing Index closed the first quarter of 2019 with a March reading of 52.4. Compared to the Finishing Index’s all-time high (reached a year ago), the Finishing Index has fallen 17 percent. This should not overshadow the fact that March marked the Finishing Index’s 27th consecutive month of activity expansion. Further, the Finishing Index has rebounded three percent since it’s most recent nadir in November. The latest Finishing Index reading was supported by a sharp increase in production activity, followed by supplier deliveries and new orders. Employment, exports and backlogs all pulled the index lower. Both exports and backlogs experienced contracting activity in March.
Activity in new orders rebounded after registering a surprising contractionary reading in February. Part of the reason for the improvement in new orders may have been due to improved export activity, which registered its best reading since May 2018. The month’s relatively stronger reading for production as compared to new orders put pressure on backlogs which fell to a two-year low. Production activity has outpaced new orders activity in every month since December of 2018. As a result, it is not a coincidence that backlogs readings during that period have reported contracting activity.
Related Content
-
3 Tests to Ensure Parts are Clean Prior to Plating
Making sure that all of the pre-processing fluids are removed prior to plating is not as simple as it seems. Rich Held of Haviland Products outlines three tests that can help verify that your parts are clean.
-
Products Finishing Reveals 2024 Qualifying Top Shops
PF reveals the qualifying shops in its annual Top Shops Benchmarking Survey — a program designed to offer shops insights into their overall performance in the industry.
-
How to Maximize Nickel Plating Performance
The advantages of boric acid-free nickel plating include allowing manufacturers who utilize nickel plating to keep up the ever-changing regulatory policies and support sustainability efforts.