Economics
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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Metalworking Activity Crept Into Growth Mode in February
The GBI closed at 50.6 in February, calling for cautious optimism.
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Metalworking Activity Contraction Slows Slightly in January
Most components held steady in January, but new orders and exports showed ever-so-slight slowing of contraction.
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Metalworking Activity Remained Contractionary in December
Metalworking activity remained contractionary at the same rate as in November. Stable contraction is relatively good in the current environment.
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Metalworking Activity Contracted in November
Contraction was hard to dodge with metalworking activity expansion steadily slowing since March.
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