Composites market shows signs of stabilizing as future outlook brightens
Improving supplier deliveries and strong future business index point to opportunities ahead.
The Composites Fabricating GBI for November 2024 made a 0.5-point leap from the previous month, suggesting that the industry is slowly headed toward stability. Source (All Images) | Gardner Intelligence
The Gardner Business Index (GBI) measures the current state of composites industry activity through survey responses covering new orders, production, backlog, employment, exports and supplier deliveries. A reading above 50 indicates expansion; below 50 indicates contraction.
The composites industry registered a GBI reading of 44.2 in November 2024. New orders improved to 40.9, marking this reading’s second consecutive monthly gain, while supplier deliveries maintained expansion at 53.5, indicating continued stability in material availability for manufacturers.
The GBI Components Scorecard reports the monthly change rate of primary composites market factors contributing to the overall monthly index reading.
Reading the scorecard
Color indicates where a component value falls relative to 50 for the current month. Green indicates expansion; red indicates contraction.
Shade indicates a value’s distance from 50; the darker the shade, the further from 50.
Direction indicates a value’s change versus the previous time period. Pointing up is always better.
The composites GBI in November showed a drastic improvement in optimism surrounding business conditions.
The GBI Future Business Index is an indicator of the future state of the composites market from industry respondents regarding their opinion of future business conditions for the next 12 months. Over 50 is expansion and under 50 is contraction.
The Future Business Index registered 61.7 in November, indicating substantially improved optimism about business conditions over the next 12 months driven in large part by November’s election results.
Find the latest composites fabrication market research and reporting at GardnerIntelligence.com
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