November 2021 Gardner Business Index Closing Reading at 59.0
Gardner Business Index November results pointed to a narrowing spread between new orders and production activity as the expansion in new orders decelerated relatively quicker.
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The GBI closed out November nearly two points lower than the month prior.
The Gardner Business Index (GBI) reported slowing expansion during November with a closing reading of 59.0. Among the six components that constitute the Index, November’s results pointed to a narrowing spread between new orders and production activity as the expansion in new orders decelerated relatively quicker. This narrowing spread contributed to the five-point decline in backlog activity for the month. The reading for employment activity fell only slightly but remains near its two-year high and in line with elevated readings since March 2021. Supply chain performance remained challenging in November with only a small decline from the prior month’s reading. .
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