GBI: Finishing reports a slight overall contraction in the finishing industry for December 2020 – largely due to a drop in new orders in the automotive and aerospace markets.
The October 2020 GBI: Finishing reports a 54.5, the highest reading since the fourth quarter of 2018. The is the Index’s third consecutive month of expansion.
GBI’s Finishing Index has reported a second consecutive expansionary reading, signaling the continuing recovery of the finishing industry — but the report also contains supply chain readings that could stymie this recovery if left unaddressed.
Contracting new orders and backlog activity suppress overall Index reading; impact of COVID-19 expected to have an adverse effect on the Finishing Index in the coming months.