The Gardner Business Index (GBI) for Composites Fabricating increased by 1.7 points to 52.0 in February, indicating expansion in the industry. All components of the index, including new orders, production, backlog, employment, exports, and supplier deliveries, showed improvement from the previous month and year. New orders and production joined supplier deliveries in expansion territory, with readings above 50. The Future Business Index remained strong, increasing by 0.5 points to 72.0, indicating a positive industry outlook for the next 12 months.
The GBI Components Scorecard provides a visual representation of the monthly change rate of primary composites market factors. The scorecard uses color, shade, and direction to indicate expansion, contraction, and change. The current month’s readings show expansion in all components, with the darkest shades indicating the furthest distance from 50. The industry outlook remains positive, with the Future Business Index indicating expansion. The latest composites fabrication market research and reporting can be found at GardnerIntelligence.com. Overall, the data suggests a strong and growing composites fabricating industry.