ISM Releases Semiannual Forecast Of Economic Conditions Institute for Supply Management (ISM) released the Spring 2020 Semiannual Economic Forecast on Friday, May 15, at 11 a.m. EST. The results were published after the print issue of Board Converting News went to press. The forecast will be published online at www.boardconvertingnews.com on Monday, May 18, and in print in the May 25 edition After more than 10 years of expansion, the U.S. econ- omy contracted last month, as documented by the April 2020 Manufacturing and Non-Manufacturing ISM Report On Business, released at the beginning of May. This unex- pected contraction is attributed to the ongoing response to the COVID-19 pandemic. In the Spring 2020 Semiannual Economic Forecast, ISM will present the best thinking of its renowned Business Survey Committee, which is responsible for the month- ly Manufacturing and Non-Manufacturing ISM Report On Business. Executives will address such questions as: • How much might business revenues be impacted? • What is the outlook for year-over-year change in em- ployment? • How might the pandemic change capital investment plans for the rest of the year? • At what level of production/activity are businesses op- erating right now?
• Might production capacity recover by the end of the year? • What are expectations for the prices of business in- puts? These questions and others will be answered in the forecast. As with the monthly reports, information will be provided on the potential relative performance of non-manufacturing sectors and manufacturing sub-sec- tors. For context, historical reported results and predic- tions from the Fall 2019 Semiannual Economic Forecast and Spring 2019 Semiannual Economic Forecast will also be featured in this report. IP Declares Quarterly Dividend Memphis, Tennessee based International Paper (IP) last week declared a quarterly dividend of $0.5125 per share for the period from April 1, 2020, to June 30, 2020, inclu- sive, on its common stock, par value $1.00. This dividend is payable on June 15, 2020, to holders of record at the close of business on May 27, 2020. The company also declared a regular quarterly divi- dend of $1.00 per share for the period from April 1, 2020, to June 30, 2020, inclusive, on the cumulative $4.00 pre- ferred stock of the company. This dividend is also payable on June 15, 2020, to holders of record at the close of busi- ness on May 27, 2020.
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May 18, 2020
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