November 2021 Gardner Business Index Closing Reading at 59.0

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. Read more.

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