5/20/2019 | 1 MINUTE READ

Index rises on surging new orders activity

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

The Composites Business Index moved higher in April 2019 due to strong acceleration in new orders activity.


Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

The Composites Index moved higher in April to a reading of 54.4, up from 52.6 in March 2019, thanks to strong acceleration in new orders activity. The latest Index reading is 12.1 percent lower compared to the same month one year ago, indicating slowing growth within the industry over the past year. Index readings above 50 indicate expanding business activity, while a value of 50 indicates no change and a reading below 50 indicates contracting business activity. Gardner Intelligence’s review of the underlying data indicates that the Index was propelled by new orders, production, supplier deliveries and employment. The Index — calculated as an average — was pulled lower by backlogs and exports; however, only exports contracted during the month.

April marked the highest reading for new orders activity in a year, while simultaneously, exports posted its lowest reading since mid-2016. The combination of total new orders expansion and contracting exports implies that domestic demand for fabricated goods more than offset shrinking global demand, according to the survey data. The surge in new orders during April is assumed to have aided backlogs that expanded in April after posting a sharp contraction in the prior month.

More information about the Composites Fabricating Index can be found at http://www.gardnerintelligence.com/


  • Composites: Materials and processes

    High strength at low weight remain the winning combination that propels composite materials into new arenas, but other properties are equally important. This article outlines the case for composites and introduces SourceBook's overview of the materials and processes used to make them.

  • Advanced hockey stick design delivers optimal performance

    Carbon fiber composites and an innovative new resin system play key roles in the design of an elite-level stick.

  • JEC World 2016, the full report

    CompositesWorld's editors report on the technologies and products that caught our eye at JEC World 2016, in early March.