Composites Index climbs closer to expansion
Rising readings across the GBI build a case for sustained composites growth headed into 2025.
The 3.6-point jump from November reflects the Composites Index’s trend toward expansion headed into the new year. Source (All Images) | Gardner Intelligence
The Gardner Business Index (GBI) is an indicator of the current state of composites fabricating considering survey responses regarding new orders, production, backlog, employment, exports and supplier deliveries. Over 50 is expansion. Under 50 is contraction.
The Composites Index climbed to 47.3 in December 2024, pushing toward expansion territory with the help of broad component support. Five of six components rose from November as employment saw its second consecutive monthly gain. Production and new orders each rose nearly two points while supplier deliveries and backlog posted more modest growth. Exports was the only component to decline from November.
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.
Future business outlook improved by 8.4 points.
The GBI Future Business Index is an indicator of the future state of the composites fabrication market 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 composites fabrication market research and reporting at GardnerIntelligence.com
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