Manufacturing Contracts (CONT’D FROM PAGE 34)
Board Converting NEWS INTERNET DIRECTORY
improved supply chain efficiency, as output improved and customers' inventories continued to decline. “Output/Consumption (measured by the Production and Employment indexes) was positive, with a combined 5.2-percentage point upward impact on the Manufactur- ing PMI calculation. “Panelists' companies improved production compared to August and continued to manage head counts, primarily through attrition and hiring freezes. Inputs — defined as supplier deliveries, inventories, prices and imports — con- tinued to accommodate future demand growth. “The Supplier Deliveries Index indicated faster deliver- ies for the 12th straight month, at a faster rate compared to August, and the Inventories Index remained in contraction territory, but improved month over month. “The Prices Index remained in 'decreasing' territory, 4.6 percentage points lower than the August reading, signify- ing a return to price reductions, but energy costs in August and September could possibly affect future material costs. Manufacturing supplier lead times continue to decrease, but at a slow pace. “The five manufacturing industries that reported growth in September are: Nonmetallic Mineral Products; Food, Beverage & Tobacco Products; Textile Mills; Primary Met- als; and Petroleum & Coal Products. “The 11 industries reporting contraction in September — in the following order — are: Printing & Related Support Activities; Furniture & Related Products; Plastics & Rub- ber Products; Paper Products; Fabricated Metal Products; Wood Products; Computer & Electronic Products; Ma- chinery; Electrical Equipment, Appliances & Components; Chemical Products; and Transportation Equipment. “The U.S. manufacturing sector contracted in Septem- ber, as the Manufacturing PMI registered 49 percent, 1.4 percentage points higher than the reading of 47.6 percent recorded in August and its highest figure since November 2022 (49 percent). “This is the 11th month of contraction, but the third month of positive change. Of the five subindexes that di- rectly factor into the Manufacturing PMI, two (the Produc- tion and Employment indexes) are in expansion territory, up from none in August, breaking a three-month streak of no such growth. “Of the six biggest manufacturing industries, two — Food, Beverage & Tobacco Products; and Petroleum & Coal Products — registered growth in September. A read- ing above 50 percent indicates that the manufacturing sector is generally expanding; below 50 percent indicates that it is generally contracting. A Manufacturing PMI above 48.7 percent, over a period of time, generally indicates an expansion of the overall economy. “Therefore, the September Manufacturing PMI indi- cates the overall economy grew slightly after contracting for nine consecutive months following 30 straight months of expansion.”
GARTECH MANUFACTURING COMPANY www.gartechmfg.com
American manufacturers of split heads, patented roll- er-bearing yokes, gang-slot upgrades, custom rebuilds, and glue systems with electronically-geared speed mon- itoring. Visit our website for info, tips and techniques.
THE HAIRE GROUP www.hairegroup.com
Haire Group is the premier provider of new machinery for the corrugated industry. From the Apstar line of flexo folder gluers and rotary die cutters, the Encore line of flexo folder gluers and rotary die cutters, and the Engico flexo folder glu- er, Haire is able to pair clients with the best machinery solu- tions for the best value to meet their needs. Haire Group's service department helps its customers maximize uptime and profitability through superior 24/7 service and support, a pre-install training center, and over a million dollars' worth of spare parts at their offices just outside of Chicago. Haire Group has been the industry's #1 pre-owned machinery bro- ker and plant equipment appraiser since 1976. HarperLove is the leading provider of specialty adhesives, performance additives, and wet-strength resins to corru- gated packaging manufacturers. With the largest and most experienced field service and technical support team posi- tioned throughout the U.S. and Latin America, HarperLove has a long-standing reputation for providing outstanding service and delivering demonstrable performance improve- ments. HarperLove’s renowned services include not only innovative product development and custom product for- mulation, but also machine and process assessments, ad- hesive formula adjustments, machine tuning, detailed ser- vice reporting, and more. HARPERLOVE www.HarperLove.com
KIWIPLAN www.kiwiplan.com
Kiwiplan - premier worldwide software provider of enter- prise-wide, fully automatic solutions specifically for the cor- rugating and packaging industries. Kiwiplan’s Total Solution delivers comprehensive, seamless real-time flow of infor- mation from sales order management to dynamic total plant scheduling and inventory control through shipping.
MAROTECH INC. www.marotech.com
Manufacturer of Marotape®, Marotape®Plus, Marotape® FPT and MaroString™; hot melt coated tapes and strings used for reinforcement and easy-open features for packaging. Ma- rotech also manufactures dispensing and tape placement equipments to optimize the productivity of applying hot melt coated tapes.
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October 9, 2023
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