ISM: Manufacturing, Economy Grow Again In August 2020
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month July 2020
Economic activity in the manufacturing sector grew in Au- gust, with the overall economy notching a fourth consecu- tive month of growth, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee: “The August PMI registered 56 percent, up 1.8 percentage points from the July reading of 54.2 percent. This figure indicates ex- pansion in the overall economy for the fourth month in a row after a contraction in April, which ended a period of 131 consecutive months of growth. “The New Orders Index registered 67.6 percent, an increase of 6.1 percentage points from the July reading of 61.5 percent. The Production Index registered 63.3 percent, up 1.2 percentage points compared to the July reading of 62.1 percent. The Backlog of Orders Index reg- istered 54.6 percent, an increase of 2.8 percentage points compared to the July reading of 51.8 percent. The Employ- ment Index registered 46.4 percent, an increase of 2.1 per- centage points from the July reading of 44.3 percent. The Supplier Deliveries Index registered 58.2 percent, up 2.4 percentage points from the July figure of 55.8 percent. CONTINUED ON PAGE 38
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
34.784 33.734
3.1
7.905 8.032
-1.6
Industry Total
Year-to Date
July 2020
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
231.403 227.669
1.6
7.765 7.744
0.3
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2020 2019
2.7993 2.7517
1.7
18.9354 18.7289
1.1
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Jul. Jun.
2.0214 2.0865
-3.1
3.2 3.3
-3.0
Shipping Days
Year
Month
Year-to-Date
2020 2019
22 21
149 147
SOURCE: Fibre Box Association
8
www.boardconvertingnews.com
September 7, 2020
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