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Finishing Activity Ended May the Same as April

Finishing Activity: The May Index reports continued contraction, closing at 48.9, about the same as April’s 49.   

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The Gardner Business Index (GBI): Finishing contracted again in May, marking the second straight month of contraction this year. 

  • The May Gardner Business Index: Finishing includes components moving in every direction with the net signaling contraction, consistent with the overall Index.
  • Specifically, new orders and backlog contracted for a second straight month at an accelerated rate, while exports contracted at a rate even with the past 2 months.
  • Production crossed from barely expanding to barely contracting.
  • Employment expanded at a minimally slowed rate.
  • Supplier deliveries lengthened again in May, and just a little bit faster, sustaining for at least one month the direction first evidenced in April.

The Gardner Business Index (GBI): Finishing Finishing’s index contracted again in May
Finishing’s index contracted again in May.


Key Component Activity

Production contracted in May for the first time since January of this year, joining new orders, backlog and exports.

Production contracted in May for the first time since January of this year, joining new orders, backlog and exports.

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