Products Finishing Activity Grows Slightly in September
With rise in new orders and exports, future business outlook remains steady.
The September GBI shows finishing is still contracting overall, but continued to improve slightly again this month. Future business outlook remains steady while average spend increased over last month.
Material prices dropped a couple of points, but prices received only dropped slightly.
The Gardner Business Index (GBI) Components Scorecard reports the monthly change rate of primary finishing industry market factors contributing to the overall monthly index reading.
Reading the Scorecard:
Color indicates where a component value falls relative to 50 for the current month. Green indicates expansion; red indicates contraction.
Shade indicates a value’s distance from 50; the darker the shade, the further from 50.
Direction indicates a value’s change versus the previous time period. Pointing up is always better.
The GBI Future Business Index is an indicator of the future state of the finishing market considering industry respondents regarding their opinion of future business conditions for the next 12 months. Over 50 is expansion and under 50 is contraction.
The index remained positive but shows continued contraction indicating slower future growth expectations.
Find the latest finishing market research and reporting at GardnerIntelligence.com.https://GardnerIntelligence.com
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