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Metalworking Marketer
Thursday, June 6, 2019

Gardner Business Index (GBI) Registers at 50.8: May GBI Shows Modest Growth

Gardner has observed that exports and backlogs tend to contract several months before new orders begin contracting, which is then quickly followed by production and employment declines. However, every economic cycle has its own unique behavior, and given the present strength of both employment and consumer finances in the U.S. it is nearly certain that this current economic cycle could very easily break with past trends. A tight labor market with low unemployment should be expected to do a great deal of good for domestic demand for manufactured goods. Read more

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