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The Composites Index moderated in April as declining readings for new orders, production and backlog activity more than offset gains in supplier delivery and employment activity. Falling readings which remain above 50 signal a slowing expansion for that activity. The Composites Index fell from its March reading, ending April at 62. Among the six components which constitute the Index, the supplier delivery reading moved above a reading of 80 for the first time, securing a third consecutive month of expanding activity. Further, this component reading now stands 16 points above its 2018 all-time high. Rising supplier delivery readings reflect the growing issue of slowing order-to-delivery times among upstream suppliers and the obvious consequences it has for downstream production. Aside from supplier delivery and employment activity the latter of which also reported a higher reading  new orders, production and backlog all registered slowing growth. Moreover, April’s export

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