March comes in at 57.7. Index for the first-quarter of 2018
Hitting 57.7 in March, the Gardner Business Index (GBI): Plastics Processing index hiked the overall first-quarter index to 57.1, its best quarter in recorded history. The index is based on responses to a monthly survey from subscribers to Plastics Technology magazine.
New-orders growth was slightly slower than production growth for the first time since the fourth quarter of 2017. Supplier deliveries expanded strongly in March, which should support faster production growth in future months. March’s index reading was driven higher by production, supplier deliveries, and new orders. Backlog, employment, and exports all pulled the Plastics Processing Index, which is calculated as an average, lower during the month.