MoldMaking Technology

DEC 2018

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GARDNER BUSINESS 40 MoldMaking Technology —— DECEMBER 2018 MOLDMAKING Index Remains in Lower Range Registering 52.9 for October, the Gardner Business Index (GBI): Moldmaking moved slightly lower as backlogs and exports both significantly weighted on the Moldmaking Index's latest performance. Compared to the same month one year ago, the Moldmaking Index is down 8.2 percent. Gardner Intelligence's review of the underlying data for the month reveals that the Moldmaking Index was lifted higher by supplier deliveries, new orders, production and employment. The averages-based index was pulled lower by contracting backlogs and exports. The latest round of U.S. and Chinese tariffs, which have been implemented in escalating fashion, took effect in late September. The total effect from the many rounds of tariffs that have taken place under both governments have significantly impacted the cost of aluminum, steel and mold products. In addition, the rising value of the U.S. dollar against the Chinese Yuan has put U.S. manufacturers at an additional disadvantage when competing abroad. Under the current conditions, moldmakers will have to master their supply chains and seek to replace lost opportunities abroad with new domestic opportunities. October 2018 – 52.9 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 mguckes@gardnerweb.com October's Moldmaking Index reading indicated modest industry expansion. The Moldmaking Index was led higher by supplier deliveries, new orders, production and employment. Moldmakers reported strong expan- sionary readings in new orders during September and October despite facing an accelerating contraction in exports. PRESENTED BY ABOUT THE AUTHOR Stay ahead of the curve with Gardner Intelligence. Visit GBI's blog at gardnerintelligence.com. Gardner Business Index (GBI): Moldmaking New Orders and Exports (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 70 52.9 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 N ew Orders E xports

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