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Gardner Business Index January 2022 Closing Reading 58.4
Gardner Business Index starts new year with a near 1-point gain to close at 58.4.
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The Index increased nearly 1 point as a result of accelerating expansion in production, new orders, and backlog activity.
The Gardner Business Index (GBI) started the new year with a near 1-point gain to close at 58.4. The overall uptick was supported by expanding activity in new orders, production and backlog activity. After posting a 10-month low in December, the reading for supply chain performance rose 3 points, sending it back towards mid-2021 levels. Data trends in the 6-month period ending January suggest that manufacturers continue to try to do more with less. How long will it take for manufacturing to reduce backlogs which have expanded at record-setting levels for nearly a year now? Read more
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