Board Converting News, November 8, 2021

ISM: Manufacturing, Economy Grow Again In October 2021

Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month September 2021

Economic activity in the manufacturing sector grew in Oc- tober, with the overall economy achieving a 17th consecu- tive month of growth, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued last week by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Manage- ment (ISM) Manufacturing Business Survey Committee: “The October Manufacturing PMI registered 60.8 per- cent, a decrease of 0.3 percentage point from the Septem- ber reading of 61.1 percent. This figure indicates expansion in the overall economy for the 17th month in a row after a contraction in April 2020. The New Orders Index reg- istered 59.8 percent, down 6.9 percentage points com- pared to the September reading of 66.7 percent. The Pro- duction Index registered 59.3 percent, a decrease of 0.1 percentage point compared to the September reading of 59.4 percent. “The Prices Index registered 85.7 percent, up 4.5 per- centage points compared to the September figure of 81.2 percent. The Backlog of Orders Index registered 63.6 percent, 1.2 percentage points lower than the September reading of 64.8 percent. The Employment Index regis- tered 52 percent, 1.8 percentage points higher compared CONTINUED ON PAGE 44

Year

Actual

Percent Change Avg Week Percent Change

2021 2020

34.261 34.901

-1.8

8.157 8.310

-1.8

Industry Total

Year-to Date

September 2021

Year

Actual

Percent Change Avg Week Percent Change

2021 2020

312.632 300.767

3.9

8.227 7.873

4.5

Industry Total

Containerboard Consumption (Thousands of Tons)

Year

Month

Percent Change Year-to-Date Percent Change

2021 2020

2.7786 2.8459

-2.4

25.4959 24.5672

3.8

Container Board Inventory - Corrugator Plants (Thousands of Tons)

Corrugator Plants Only

Date

Percent Change Weeks of Supply

Percent Change

Sept.

2.312

3.8

3.5 3.4

2.9

Aug

2.2272

Shipping Days

Year

Month

Year-to-Date

2021 2020

21 21

190 191

SOURCE: Fibre Box Association

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November 8, 2021

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