MoldMaking Technology

SEP 2018

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GARDNER BUSINESS 48 MoldMaking Technology —— SEPTEMBER 2018 MOLDMAKING Index Sees Small Turnaround Registering 55.4 for July, the Gardner Business Index (GBI): Moldmaking increased modestly after experiencing a significant slowdown in growth in the first half of the year. Since the beginning of the year, the Moldmaking Index has fallen 8.3 percent. However, the Moldmaking Index is up 0.3 percent from the same month one year ago. Gardner Intelligence's review of the underlying data for the month reveals that growth in supplier deliveries, production and employment drove the Moldmaking Index's average-based calculation higher while new orders, backlog and exports pulled the Moldmaking Index's average-based calculation lower. Only exports reported contraction in July. Backlog registered 50.0, a value that indicates "no change" from the prior month. One common trend among all manufacturing technologies, including moldmaking, is the on- going rapid expansion of supplier deliveries. The last record-high reading for supplier deliveries before the fourth quarter of 2017 was 60.9, which occurred in late 2011. Since the beginning of 2018, readings for supplier deliveries have been above 60.9 in four of the last seven months. Supplier deliveries, production and employment marginally boosted the Moldmaking Index, at 55.4 for July 2018. Michael Guckes is the chief economist for Gardner Intelligence, a division of Gardner Business Media (Cincinnati, Ohio, United States). He has performed economic analysis, modeling and forecasting work for nearly 20 years among a range of industries. He is available at July's Moldmaking Index data was primarily supported by supplier deliveries. In recent months, supplier deliveries and employment have sustained the Moldmaking Index, rather than new orders and production (as was the case previously). 2018 readings on supplier deliveries have significantly surpassed historical highs set during the economy's recov- ery from the Great Recession. In four of the first seven months of 2018, the reading for supplier deliveries beat the last record, which occurred in the fourth quarter of 2011. PRESENTED BY ABOUT THE AUTHOR Stay Ahead of the Curve with Gardner Business Intelligence. Visit GBI's blog at Gardner Business Index (GBI): Moldmaking Supplier Deliveries (3-Month Moving Average) 1/13 7/13 1/14 7/14 1/15 7/15 1/16 7/16 1/17 7/17 1/18 7/18 40 50 60 55.4 1/13 7/13 1/14 7/14 1/15 7/15 1/16 7/16 1/17 7/17 1/18 7/18 40 50 60 70

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