Gardner Business Index Reading of 51.6 for September 2020

Wednesday, October 7, 2020

Gardner Business Index September 2020
The Gardner Business Index (GBI) reported expanding activity during September with a 51.6 reading; marking a second month of expanding business activity. During September supplier deliveries, production and new orders all reported above-50 readings, propelling the Index above 50 for the first time since COVID. This month employment activity joined the list of business activity components experiencing expansionary activity, leaving only backlogs and export orders to report slowing contraction. As previously reported, COVID’s disruption to manufacturing supply chains in 2020 has resulted in inflated supplier delivery readings and thus higher overall Index readings. Removing supplier delivery’s inflationary influence from the Index’s calculation, September would have marked the first month since February that the GBI has reported overall expanding business activity levels. Read more