Plastics Processing Activity Contraction Continues in August
Four months of consecutive contraction overall.
The Gardner Business Index (GBI) for August shows plastics processing is still contracting overall, and contracted slightly more this month than the previous month. Future business outlook is improving but much slower than last month’s numbers, contracting by nearly 4 points.
The index is an indicator of the current state of plastics processing considering survey responses regarding new orders, production, backlog, employment, exports and supplier deliveries. Over 50 is expansion. Under 50 is contraction.
The GBI is an indicator of the current state of plastics processing. Over 50 is expansion. Under 50 is contraction.The GBI is an indicator of the current state of plastics processing. Over 50 is expansion. Under 50 is contraction.
Shade = distance from 50 (darker shades are further from 50)
Direction = change (Pointing up is better)
The Gardner Business Index (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 GBI Future Business Index is an indicator of the future state of the plastics processing market considering industry respondents regarding their opinion of future business conditions for the next 12 months. Over 50 is expansion and under 50 is contraction.
The index remained positive but shows continued contraction indicating slower future growth expectations.
Find the latest plastics processing market research and reporting at GardnerIntelligence.com
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