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Metalworking Activity Continued to Contract Steadily in August

Modern Machine Shop

Supplier deliveries were the exception again in August — still lengthening, but at a rate that has been slowing less dramatically each month since March. Future business expectation, a separate but related non-GBI metric, provided encouragement in August, expanding at a faster rate for the second month in a row.

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Metalworking Activity Stays Flat in October

Modern Machine Shop

The Gardner Business Index for Metalworking hovers around 50 (49.6, Supplier deliveries continue to lengthen at slower rates, entering levels in line with more typical, pre-pandemic readings. Photo Credit: Gardner Business Intelligence. Photo Credit: Gardner Business Intelligence.

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Metalworking Activity is Nearing a Full Year of Contraction

Modern Machine Shop

All components continued to contract in September, with the exception of supplier deliveries which have been marching to their own tune for months. Future business expectations, which were included in the survey but not the GBI calculation, continued to expand at the same rate as August. Photo Credit: Gardner Intelligence

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Metalworking Activity Contracts With the Components in June

Modern Machine Shop

Supplier deliveries continued to lengthen, but more slowly. Significantly improved supply chain operations and the absence of booming metalworking activity suggest deliveries may even shorten if it becomes easier and easier for suppliers to keep up. Photo Credit: Gardner Intelligence 3-MMA = three-month moving averages).

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Metalworking Activity Stayed Consistent in July

Modern Machine Shop

The one exception was supplier deliveries, which continued to lengthen — but more slowly — suggesting more-than-manageable volume and resolution of disruption. Future business, a separate but related non-GBI metric, expanded again in July at a slightly faster rate. Photo Credit: Gardner Intelligence

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GBI Shifts to Second Straight Month of Slowing Contraction

Mold Making Technology

Photo credit, all images: Gardner Intelligence Moldmaking activity contracted for a seventh month in October, though at a slower pace, so that the index appears more in line with what was seen in July. The Gardner Business Index (GBI) Moldmaking, ended the month at 45.5, GBI: Moldmaking activity was up a point in October.

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Metalworking Activity is on a Roll, Relatively Speaking

Modern Machine Shop

Supplier deliveries lengthened at a slow rate that has stayed about the same for the past six months, which is neither particularly encouraging nor discouraging. Optimism for future business (not included in GBI calculation) grew faster in February for the fourth straight month. Source: Gardner Intelligence