Published
Metalworking Index Sustains Growth Rate Entering the Second Quarter
Metalworking’s April reading remained unchanged from the prior month.
Registering 59.5 for April, the Gardner Business Index (GBI): Metalworking was unchanged from the prior month. The index reading calculated among only job shops was down slightly from March. Compared to the same month one year ago, the Metalworking Index grew by 7.4 percent. April’s reading ties with March’s for the second highest in the index’s history. Gardner Intelligence’s review of the underlying data for March indicates that strong expansion in supplier deliveries, production and new orders drove the business index higher. Readings for employment, backlog and exports lowered the index’s average-based calculation. All components of the Metalworking Index, including exports, expanded during April.
Related Content
-
Metalworking Activity Trends Downward in May
Accelerated contraction and declines in business optimism span manufacturing segments. Odds are that broad-reaching economic factors are at play.
-
Metalworking Activity Contracted Marginally in April
The GBI Metalworking Index in April looked a lot like March, contracting at a marginally greater degree.
-
Metalworking Activity Contracted in November
Contraction was hard to dodge with metalworking activity expansion steadily slowing since March.