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Gardner Business Index (GBI) Indicates Slowing, Still Strong Growth
The Gardner Business Index (GBI) closed November at a recent historical nadir of 53.4. This latest figure lowers the year-to-date average to 57.3, which is still better than the record high annual average reading of 55.3 set last year.
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The latest reading is down 2.4 percent compared to the same month one year ago. Gardner Intelligence’s review of the underlying data for the month indicates that the averages-based Index was supported by supplier deliveries, production and new orders. The components which lowered the index included employment, backlog and exports. Read more
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