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Composites Fabricating Business Index: Total business activity expanded for a third consecutive month in November 2020, helped by the slowing expansion in new orders and production activity. The supplier delivery reading elevated the overall Index by over 2 points, keeping the Index above 50.
The Composites Index ended November at 51.8, signaling the industry’s third consecutive month of overall expanding business conditions, made possible by a multi-month trend of expanding new orders, production and employment. The spread between production and new orders activity widened in part due to a relatively greater slowing of new orders activity, causing backlog activity to contract. As of November, export orders readings had yet to return to their pre-pandemic levels, demonstrating both the severity and global impact of COVID-19.  ....

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