Economics

Composites Fabricating Index loses ground in April amid tariff uncertainty

Latest reading of 47.3 is fueled by a drop in new orders as markets react to quick changes in trade policy.

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Index remains in expansion territory despite uncertainties

The composites market saw a slight decline in the index, component and future business results but maintained a positive reading overall.

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Composites market continued expansion activity into February

GBI: Composites Fabricating’s final reading landed at 52, driven by strong component readings across the board.

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Composites Fabricating Index reaches expansion at 50.3

First reading of 2025 breaks 21-month contraction run behind broad-based component growth.

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Composites Index climbs closer to expansion

Rising readings across the GBI build a case for sustained composites growth headed into 2025.

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Composites market shows signs of stabilizing as future outlook brightens

Improving supplier deliveries and strong future business index point to opportunities ahead.  

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Overall composites index contracting faster than previous month

New orders, production and prices components all improved over October, though the GBI is still seeing contraction.

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Contraction slows for second month, with some indicators improving

In September new orders and employment were up slightly, future business outlook improved and material prices dropped.

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Composites activity still contracting, but slower than previous month

Future business outlook has improved but most other measures have continued contraction or remain “flat.”

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Composites activity contracted faster for the third month in a row

GBI: Composites Fabricating landed at 41.6, becoming one of the index’s more significant declines in 2024 so far.

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Composites industry activity continued to contract faster in June

Composites Fabricating’s second month of contraction, also reflected in other industry segments, suggests larger factors are at play.  

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Composites GBI shows faster activity contraction

The total index reading backed down in May from its anticipated expansion, contracting again to land at 46.8.

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GBI activity knocks at the door of expansion in April

While the Composites Fabricating index still contracted in April, it continues to close in on a reading of 50, which indicates expansion.  

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Composites industry activity meaningfully slowed contraction in March

The GBI: Composites Fabricating still contracted in March, though it landed just one point shy of 50, which could eventually lead it into expansion territory.

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Composites industry GBI stayed the course in February

The GBI: Composites Fabricating contracted in February to the same degree as January, maintaining its position in a contraction zone.

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Composites industry activity stayed steady in January

The GBI: Composites Fabricating contracted in January to about the same degree it did in December, representing a move in the right direction.

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Composites industry gained back some ground in December

The GBI: Composites Fabricating contracted a little more slowly in December, landing between August and September 2023 values.

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Composites industry heads into slightly accelerated contraction in November

The GBI: Composites Fabricating in November continued its general slow-going path of contraction that began in April 2023.

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Composites industry saw stabilized contraction in October

The GBI: Composites Fabricating index has contracted for the seventh month in a row, with one notable change in component activity.

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Composites activity returned with accelerated contraction in September

The GBI: Composites contracted faster again in September, closing down 1.6 points to 45.9, the lowest the index has been in more than 2 years.   

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Contraction in composites industry activity slowed in August

The GBI: Composites contracted again in August, but closed up 1.1 points from July, ending 5 straight months of a downward trend.   

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Composites industry GBI contracted faster in July

The GBI: Composites maintains its consistent downward trend for the fifth month in a row.

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Composites GBI lost a little ground in June

The GBI: Composites has contracted since April, just barely remaining within a two-point range of 50.      

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Composites GBI remains relatively unchanged in May

The GBI: Composites closed May at the same reading reported in April, with some minor fluctuations in component activity.

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