Manufacturing PMI (CONT’D FROM PAGE 32)
Board Converting NEWS INTERNET DIRECTORY
inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.) The Inventories Index regis- tered 42.6 percent, down 1.3 percentage points compared to September's reading of 43.9 percent. “The New Export Orders Index reading of 45.5 percent is 0.2 percentage point higher than the 45.3 percent reg- istered in September. The Imports Index remained in con- traction territory in October, registering 48.3 percent, the same reading as reported in September.” Fiore continues, “U.S. manufacturing activity contract- ed again in October, and at a faster rate compared to last month. Demand continues to be weak, output declined, and inputs stayed accommodative. Demand slowing was reflected by the New Orders Index remaining in contrac- tion territory, New Export Orders Index contracting moder- ately, Backlog of Orders Index dropping further into strong contraction territory, and Customers’ Inventories Index indicating customers’ inventories were ‘too low.’ Output (measured by the Production and Employment indexes) continued in contraction: employment shrunk, but at a slower rate, while production moved further into contrac- tion. Panelists cited continuing efforts by their companies to right-size workforces to levels consistent with forecast- ed demand. “Demand remains subdued, as companies continue to show an unwillingness to invest in capital and inventory due to concerns (for example, inflation resurgence) about federal monetary policy direction in light of the fiscal poli- cies proposed by both major parties. Production execution eased in October, consistent with demand sluggishness. Suppliers continue to have capacity, with lead times im- proving and some shortages reappearing. Sixty-three per- cent of manufacturing gross domestic product (GDP) con- tracted in October, down from 77 percent in September. The share of manufacturing sector GDP registering a com- posite PMI calculation at or below 45 percent (a good ba- rometer of overall manufacturing weakness) was 46 per- cent in October, a 5-percentage point increase compared to the 41 percent reported in September. Only two of the six largest manufacturing industries — Food, Beverage & Tobacco Products; and Computer & Electronic Products — expanded in October, compared to one in September,” says Fiore. The five manufacturing industries reporting growth in October are: Apparel, Leather & Allied Products; Food, Beverage & Tobacco Products; Petroleum & Coal Prod- ucts; Computer & Electronic Products; and Miscellaneous Manufacturing. The 11 industries reporting contraction in October are: Textile Mills; Printing & Related Support Activ- ities; Transportation Equipment; Chemical Products; Elec- trical Equipment, Appliances & Components; Machinery; Primary Metals; Nonmetallic Mineral Products; Plastics & Rubber Products; Fabricated Metal Products; and Paper Products.
OHIO BLOW PIPE/ADVANCED AIRSYSTEMS www.obpairsystems.com For 85 years the Ohio Blow Pipe company and its whol- ly owned subsidiary, Advanced Airsystems, have provided the corrugated and folding carton industries with systems and products to process scrap. We engineer, fabricate, in- stall, service, provide system audits, and offer a wide range of scrap systems, dust collection systems and products to include cyclones, under roof AIR-SCREEN™ systems, pit belt systems, CLEANAIR dust collectors, Mist-Clone™ dust control systems for vacuum feeds, material handling fans, ductwork, switch valves, airveyors, balers, and shredders. OMP www.omp.com OMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best digitized sup- ply chain planning solution on the market. Its Unison Plan- ning concept has a unique approach. It handles all supply chain planning challenges in a unified way, synchronizing all planning stages, horizons, functions and roles. Hundreds of customers run OMP’s cloud-based solution to generate more value by making informed decisions. OMP invests one out of every three dollars earned into innovation.
PAPER AND DUST PROS, INC. www.paperanddustpros.com
We custom design, install and service air conveyed scrap and dust collection systems. Our unique APS® is smaller, lighter, and more reliable than current cyclones. Contact us to learn how the APS® System can enhance your operation.
PROFERO SYSTEMS, INC. www.ProferoSystems.com
Profero Systems the leader in double facer heating and traction section conversions and performance enhancing products. Featuring products from Contact Bars and Com- pensating Rolls to New Glue Machines and Double Facers. GF PUHL www.gfpuhl.com GF PUHL designs, manufactures and installs air conveyed scrap & dust collection systems for the packaging and cor- rugated industries. With 40 years of experience, USA and In- ternational. We offer below or above roof systems featuring cyclones OR screen separators with real time pressure bal- ancing for optimal dust control. High efficiency cyclones for sheet transfer exhaust systems eliminate water consump- tion and deliver dust directly to compactor or briquetter for low maintenance, long term sustainability and reliability.
QUEST7, INC. www.Quest7.us
Quest7, Inc. is focused on being a leading manufacturer and distributor of critical parts and materials required in the cor- rugated box industry. Our commitment of “Bringing the Best to You,” reflects the level of quality and customer response in what we do every day.
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November 11, 2024
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