Economics
Metalworking Activity Shows Signs of Stabilizing Contraction
Metalworking activity continued to contract in what has become a rather characteristic GBI ‘dance.’
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Metalworking Activity Remained on a Path of Contraction
Steady contraction of production, new orders and backlog drove accelerated contraction in November.
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Metalworking Activity Continues its Roller Coaster Year of Contraction
October marks a full year of metalworking activity contracting, barring just one isolated month of reprieve in February.
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Metalworking Activity is Nearing a Full Year of Contraction
Metalworking activity has contracted since October of 2022.
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Metalworking Activity Continued to Contract Steadily in August
The degrees of accelerated contraction are relatively minor, contributing to a mostly stable index despite the number of components contracting.
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Metalworking Activity Stayed Consistent in July
Metalworking activity hung together better in July, with all but one GBI component contracting.
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Metalworking Activity Contracts With the Components in June
Components that contracted include new orders, backlog and production, landing on low values last seen at the start of 2023.
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Most Metalworking GBI Components Contracted in May
Four components contracted slightly more than in April, including production, new orders, exports and backlogs.
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Metalworking Activity Contracted Marginally in April
The GBI Metalworking Index in April looked a lot like March, contracting at a marginally greater degree.
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Metalworking GBI Contracted in March After One-Month Reprieve
February’s call for cautious optimism was well placed…market dynamics in March put a damper on what had been metalworking activity’s modest re-entry to growth mode in February.
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