Gardner Business Index: Precision Machining August 2024
Precision machining activity contracted in August.
The Gardner Business Index (GBI) is an indicator of the current state of precision machining activity considering survey responses regarding new orders, production, backlog, employment, exports and supplier deliveries. Over 50 is expansion. Under 50 is contraction.
The Gardner Business Index (GBI) Components Scorecard reports the monthly change rate of primary precision machining 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 previous time period. Pointing up is always better.
The GBI Future Business Index is an indicator of the future state of the precision machining 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.
Find the latest precision machining market research and reporting at GardnerIntelligence.com.
