Gardner Business Index - September 2025: 48.5
The Gardner Business Index (GBI)
The GBI edged down slightly in September to 48.5, following a 48.9 reading in August. Over the past four months, the index has remained relatively stable, hovering between 48 and 49. Supplier deliveries, production, and backlog all improved in September, and every component except exports is performing better than in September 2024.
Average spending intentions have continued to decline, extending the downward trend observed since December 2024.
Gardner Business Index (GBI) – September 2025
The GBI Components Scorecard reports the monthly change rate of primary moldmaking market factors contributing to the overall monthly index reading.
Reading the Scorecard: Color indicates where a component value falls relative to 50 for the current month. Green indicates expansion; red indicates contraction.
Shade indicates a value's distance from 50; the darker the shade, the further from 50.
Direction indicates a value's change versus the previous period. Pointing up is always better. A square denotes little or no movement in the reading.
Components Scorecard - September 2025
GBI Spending Intentions