ISM: Manufacturing (CONT’D FROM PAGE 8)
Board Converting NEWS INTERNET DIRECTORY
“The Supplier Deliveries Index figure of 48.6 percent is 2.5 percentage points higher than the 46.1 percent record- ed in July. This is the highest reading in the past 11 months. (Supplier Deliveries is the only ISM Report On Business index that is inversed; a reading of above 50 percent indi- cates slower deliveries, which is typical). “The Inventories Index decreased by 2.1 percentage points to 44 percent; the July reading was 46.1 percent. The New Export Orders Index reading of 46.5 percent is 0.3 percentage point higher than July's figure of 46.2 per- cent. The Imports Index remained in contraction territory, registering 48 percent, 1.6 percentage points lower than the 49.6 percent reported in July. “The U.S. manufacturing sector shrank again, but the uptick in the PMI indicates a slower rate of contraction. The August composite index reading reflects companies managing outputs appropriately as order softness contin- ues, but the month-over-month increase is a sign of im- provement. Demand eased again, with the (1) New Orders Index contracting at a slightly faster rate, (2) New Export Orders Index continuing in contraction territory, with mini- mal signs of improvement and (3) Backlog of Orders Index improving for the third straight month but remaining low. “The Customers' Inventories Index reading indicated appropriate buyer/supplier tension, which is neutral to slightly positive for future production. Output/Consump- tion (measured by the Production and Employment index- es) was positive, with a combined 5.8-percentage point upward impact on the Manufacturing PMI calculation. Pan- elists' companies stabilized production compared to July and continued to manage head counts, primarily through attrition. Inputs continued to accommodate future demand. “The Supplier Deliveries Index indicated faster deliver- ies for the 11th straight month, and the Inventories Index remained in contraction territory as panelists' companies continued to mitigate inventories exposure. The Prices In- dex remained in 'decreasing' territory but increased a re- spectable 5.8 percentage points, signifying near price sta- bility. Sentiment improved regarding manufacturing lead times, although they remain at elevated levels. “Of the six biggest manufacturing industries, three — Transportation Equipment; Food, Beverage & Tobacco Products; and Petroleum & Coal Products — registered growth in August. “Demand remains soft, but production execution is consistent with new, reduced output levels based on pan- elists' companies order books. Suppliers continue to have capacity. Prices are generally stable. Sixty-two percent of manufacturing gross domestic product (GDP) contracted in August, down from 92 percent in July, a positive trend. Additionally, the share of manufacturing GDP registering a composite PMI calculation at or below 45 percent — a good barometer manufacturing weakness — was 15 per- cent in August, compared to 25 percent in July and 44 percent in June, a clear positive.”
SAUER SYSTEM www.sauersystem.com
Sauer provides intelligent solutions for scoring, slitting, slit-scoring, and perforating on corrugators and floor slitters; and glue tab cutting, creasing, slotting, trimming and scrap chopping on presses. New, featured offerings include FRX Adjustable Folding Rail System and G3 Scoring System: the latest proven creasing technology on the market.
STAFFORD GROUP www.go2stafford.com
Interactive website for Stafford Corrugated Products and Stafford Cutting Dies. Featuring online ordering of replace- ment parts. Also, visitors can automatically calculate sheet size for most die-cut standards.
SUN AUTOMATION GROUP ® www.sunautomation.com
SUN Automation Group is the global leader in providing innovative solutions to the corrugated industry. SUN engi- neers and builds the SUN625 Rotary Die Cutter, provides sales, service and support in North and Central America for Latitude Machinery Corporation, manufacturer of Mini to Jumbo FFG and RDCs. Additionally, SUN is the North Amer- ican, UK and Ireland sales and service provider for Para Machinery’s line of equipment, and is the North American sales provider for Highcon. SUN also powers the corrugat- ed industry’s premier IIoT platform, Helios, and is the OEM source for Langston/Staley equipment parts and service. THACKER INDUSTRIAL SERVICE COMPANY www.thackerindustrial.com Specializing in corrugated machinery, T.I.S.CO. offers quali- ty-made products, support services, and more. T.I.S.CO. has a reputation of dependability, not only in the product, but in service and support. With more than 25 years’ experience, T.I.S.CO. installs equipment and machinery, moves or sets up entire plants, rewires and rebuilds - all over the world. VT GROUP www.vtgrouponline.com VT offers prepress services for the POP display and corru- gated shipping container industry including graphic design, optimized digitally imaged printing plates and innovative pre-mounting solutions. Our large-format digital printing fa- cility (Digital Impact) is a leading short-run manufacturer of distinctive POP displays and signage where litho-like graph-
ics are preferred. WPR SERVICES www.wprservices.net
WPR Services was established in 2016. What originally start- ed as a technical services company expanded its product offerings to include a machine center learning platform POWtalk™. Our analysis of video, audio, machine metrics, employee ergometrics, and person to person conversation provides a way to identify safety and process inefficiencies.
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September 11, 2023
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