Gardner Business Index Reading of 50.7 for August 2020

Wednesday, September 9, 2020

Gardner Business Index August 2020

The Gardner Business Index closed August at 50.7 marking its first expansionary reading since February 2020 and COVID’s initial disruption of the world economy.

The Gardner Business Index closed August at 50.7 marking its first expansionary reading since February 2020 and COVID’s initial disruption of the world economy. The overall rebound in manufacturing business activity has resulted in a growing number of end-markets reporting expanding business activity.  Among those are petrochemicals — one of the hardest-hit industries earlier in the year — which reported the greatest level of expansion during August.  It was followed by other expanding end-markets including plastic custom processing, automotive and metal form-fabrication.  Conversely, both the industrial motors and aerospace markets continue to report contracting activity. Read more