Economics
Contraction slows for second month, with some indicators improving
In September new orders and employment were up slightly, future business outlook improved and material prices dropped.
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Composites activity still contracting, but slower than previous month
Future business outlook has improved but most other measures have continued contraction or remain “flat.”
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Composites activity contracted faster for the third month in a row
GBI: Composites Fabricating landed at 41.6, becoming one of the index’s more significant declines in 2024 so far.
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Composites industry activity continued to contract faster in June
Composites Fabricating’s second month of contraction, also reflected in other industry segments, suggests larger factors are at play.
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Composites GBI shows faster activity contraction
The total index reading backed down in May from its anticipated expansion, contracting again to land at 46.8.
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GBI activity knocks at the door of expansion in April
While the Composites Fabricating index still contracted in April, it continues to close in on a reading of 50, which indicates expansion.
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Composites industry activity meaningfully slowed contraction in March
The GBI: Composites Fabricating still contracted in March, though it landed just one point shy of 50, which could eventually lead it into expansion territory.
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Composites industry GBI stayed the course in February
The GBI: Composites Fabricating contracted in February to the same degree as January, maintaining its position in a contraction zone.
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Composites industry activity stayed steady in January
The GBI: Composites Fabricating contracted in January to about the same degree it did in December, representing a move in the right direction.
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Composites industry gained back some ground in December
The GBI: Composites Fabricating contracted a little more slowly in December, landing between August and September 2023 values.
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