Plastics Processing Activity Lands Flat at 50 in March
Latest reading is a slight regression from February’s expansion but not enough to call it contraction.
Plastics Processing Index
The Gardner Business Index (GBI) measures the current state of plastics processing activity through survey responses covering new orders, production, backlog, employment, exports and supplier deliveries. A reading above 50 indicates expansion; below 50 indicates contraction.
The Plastics Processing Index’s time in expansion lasted just one month before falling back to a level 50 in March. This reading indicates the processing market, on the whole, was essentially unchanged from February. Gains reported in new orders and production were offset by decreases in employment and only marginal improvements in exports and backlogs. The Future Business Index declined from its peak amid concerns over tariff legislation but remained relatively strong.
Components Scorecard
The GBI Components Scorecard reports the monthly change rate of primary plastics processing market factors contributing to the overall monthly index reading.
The Future Business Index continues to report strong optimism despite taking a step back from the highs of the last two months.
Reading the Scorecard:
- Color indicates where a component value falls relative to 50 for the current month. Green indicates expansion; red indicates contraction.
- Shade indicates a value's distance from 50; the darker the shade, the further from 50.
- Direction indicates a value's change versus the previous period. Pointing up is always better.
Future Business Index
The GBI Future Business Index is an indicator of the future state of the plastics processing market from industry respondents regarding their opinion of future 大象传媒 conditions for the next 12 months. Over 50 is expansion and under 50 is contraction.
The Future Business Index continues to report strong optimism despite taking a step back from the highs of the last two months.
Find the latest plastics processing market research and reporting at GardnerIntelligence.com
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