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BUSINESS INDEX<br />
CW Business Index at 48.0 –<br />
Lowest since July 2013<br />
» With a reading of 48.0, the CompositesWorld Business Index<br />
for July showed that the US composites industry contracted<br />
for the third time in four months. The Index had been trending<br />
downward since reaching a peak in March 2015. In July, the index<br />
fell to its lowest level since July 2013. Compared with one year<br />
earlier, the Index had contracted for seven straight months.<br />
The new orders subindex, in July, had fallen sharply since<br />
March, reaching its lowest level since December 2012. Production<br />
in July contracted for the first time since December 2013,<br />
although the rate of contraction was modest. In July, backlogs had<br />
contracted every month in 2015 and that subindex fell to its lowest<br />
level since August 2013. The trend in backlogs indicated that<br />
capacity utilization at composite fabricators will decline into 2016.<br />
Notably, the employment subindex increased. Employment has<br />
A CWBI reading of >50.0 indicates expansion; values
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