12/01/2026
The Finishing Index hit its lowest point of 2025, but survey results reveal reasons to be optimistic headed into 2026.
The Gardner Business Index measures the current state of finishing industry activity through survey responses covering new orders, production, backlog, employment, exports and supplier deliveries. A reading above 50 indicates expansion; below 50 indicates contraction.
The Finishing Index saw another significant decline in December, falling a further 1.8 points to end 2025 with a reading of 45.6. Production and new orders were the biggest contributors, each losing several points from November, while most other components declined to a lesser degree.
There are positives in December results as well. Employment gained several points to rebound from November’s drop.
Looking ahead to 2026, finishing shops are signaling an increase in capital spending intent over the next 12 months. The three-month average for planned spending has increased to more than $515,000, up from $388,000 just two months ago.
Combined with a Future Business Index in its seventh consecutive month of growth, now at a reading of 65.9, there is a strong sentiment that shops are anticipating expansion in the coming year.
Only employment saw its three-month average improved from November 2025, and only exports failed to surpass December 2024 levels.
Find the latest composites fabrication market research and reporting at GardnerIntelligence.com. https://www.pfonline.com/articles/gbi-index-ends-year-with-decline-but-signals-positives-ahead