CompositesWorld

OCT 2018

CompositesWorld

Issue link: https://cw.epubxp.com/i/1027334

Contents of this Issue

Navigation

Page 11 of 83

OCTOBER 2018 10 CompositesWorld GARDNER BUSINESS INDEX: COMPOSITES FABRICATING The GBI: Composites Fabricating index broke out of its three- month trend of slowing growth, increasing to 57.7 in August. ยป e GBI: Composites Fabricating index broke out of its three-month trend of slowing growth, increasing to 57.7 in August. e latest readings put the index 1.9% higher than during the same month one year ago. e Gardner Intelligence team's review of the underlying data for the month of August indicates that the Index was pulled higher by production, supplier deliv- eries and employment. e Index โ€” calculated as an average โ€” was pulled lower by backlog, new orders and exports. August's results marked the third consecutive month of accelerating contraction in exports. e latest results indicate that production has expanded strongly during the third quarter of 2018. Given the expansion of supplier deliveries and employment in recent months, it is possible that the accelerating replenishment of production inputs is not allowing greater production expansion. e quickening acceleration of production, however, may still not be sufficient to meet total new orders growth as represented by August's backlogs reading, which was the fourth-highest on record since 2013. Composites Index trending lower but still in growth mode Michael Guckes is the chief economist for Gardner Intelligence, a division of Gardner Business Media (Cincinnati, OH US). He has performed economic analysis, modeling and forecasting work for nearly 20 years in a wide range of industries. Guckes received his BA in political science and economics from Kenyon College and his MBA from Ohio State University. mguckes@gardnerweb.com ABOUT THE AUTHOR Strong production still not enough to slow backlogs Rebounding third-quarter production growth has not been enough to fully offset the growth in new orders. Despite a contrac- tion in export orders, strong domestic orders are generating accelerating levels of backlogs. Stay ahead of the curve with Gardner Intelligence. Visit the blog at gardnerintelligence.com or e-mail mguckes@gardnerweb.com PRESENTED BY GBI: Composites Fabricating GBI: Composites Fabricating โ€” Backlog and Production (3-month moving average) Backlog Production Supplier deliveries and production driving growth The August Composites Fabricating reading broke the second quarter's trend of slowing growth. Expanding supplier deliveries and production drove the Index's rebounding performance in the month.

Articles in this issue

Links on this page

Archives of this issue

view archives of CompositesWorld - OCT 2018