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Gardner Business Index (GBI) Shows Uneven Contraction Across Facility Sizes
While some manufacturing markets have maintained their levels of growth, manufacturing as a whole is in its third month of consistent contraction. The GBI finished September at 48.2, marking its third consecutive month of contracting business activity and falling over 16% from the same month one year ago. While firms of all sizes are feeling the slowdown, manufacturers with fewer than 20 employees have been feeling it less severely than ones with 100-200 employees.
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While some manufacturing markets have maintained their levels of growth, manufacturing as a whole is in its third month of consistent contraction. The GBI finished September at 48.2, marking its third consecutive month of contracting business activity and falling over 16% from the same month one year ago. While firms of all sizes are feeling the slowdown, manufacturers with fewer than 20 employees have been feeling it less severely than ones with 100-200 employees. Read more
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