The manufacturing industry continues its record expansion despite a slight dip in February, according to the Gardner Business Index (GBI).
Manufacturing posted a 53.4 for February 2019, a slight drop from the previous month. However, that score marks the 25th consecutive month where the industry was considered “expanding.” Industries that score above 50 on the GBI are considered to be expanding while those that score lower are considered to be contracting. Still, the rate of expansion is down significantly year over year, as February 2018 saw a GBI score of 65.2, a record high.
Within the manufacturing category, the fastest growing industries included power generation, primary metals, aerospace and others.