Board Converting News, September 7, 2020

ISM: Manufacturing Grows (CONT’D FROM PAGE 41 )

office building subsuppliers and (3) companies operating in the oil and gas markets — as well as their supporting supply bases — are and will continue to be impacted due to low demand. These companies represent approximate- ly 20 percent of manufacturing output. This situation will likely continue at least through the end of the year,” says Fiore. Of the 18 manufacturing industries, 15 reported growth in August, among them: Wood Products; Food, Beverage & Tobacco Products, Textile Mills, Miscellaneous Manufac- turing and Paper Products. FSEA’s Expands Searchability The Foil & Specialty Effects Association (FSEA) has recent- ly expanded and redesigned its popular website to include even more categories of print finishing, decorating and bindery services. The updated site is built to help commer- cial printers, graphic designers, advertising agencies and other graphic arts professionals easily locate FSEA mem- bers that provide print decorating services. These include hot and cold foiling, digital foil and spot coatings, special- ty UV coatings, folding/gluing, bindery processes such as perfect binding and mechanical binding, and much more. Visitors can find print finishing and decorating companies by services offered or by geographic location.

industries continuing to expand output compared to July. Inputs — expressed as supplier deliveries, inventories and imports — were flat during the survey period, due to sup- plier delivery issues returning and import levels expand- ing moderately. Inventory levels contracted again due to strong production output and supplier delivery difficulties. Inputs likely were the biggest impediment to production growth and contributed negatively (a combined 0.2-per- centage point decrease) to the PMI calculation. (The Sup- plier Deliveries and Inventories indexes directly factor into the PMI; the Imports Index does not.) Prices continued to expand and at higher rates, reflecting a shift to seller pric- ing power — a positive for new-order growth. “Demand and consumption continued to drive expan- sion growth, with inputs representing near- and moder- ate-term supply chain difficulties. Among the six biggest manufacturing industries, Food, Beverage & Tobacco Products remains the best-performing sector, with Chem- ical Products; Computer & Electronic Products; and Fab- ricated Metal Products growing strongly. Transportation Equipment also expanded, but at a low rate. Petroleum & Coal Products sunk into contraction territory. “Impacted by the current economic environment, many panelists’ companies are holding off on capital investments for the rest of 2020. In addition, (1) commercial aerospace equipment companies, (2) office furniture and commercial


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September 7, 2020

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