ISM: Manufacturing, Economy Grow For Third Straight Month
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month June 2020
Economic activity in the manufacturing sector grew in July, with the overall economy notching a third 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 July PMI registered 54.2 percent, up 1.6 percent- age points from the June reading of 52.6 percent. This figure indicates expansion in the overall economy for the third month in a row after a contraction in April, which end- ed a period of 131 consecutive months of growth. “The New Orders Index registered 61.5 percent, an increase of 5.1 percentage points from the June reading of 56.4 percent. The Production Index registered 62.1 percent, up 4.8 percentage points compared to the June reading of 57.3 percent. The Backlog of Orders Index reg- istered 51.8 percent, an increase of 6.5 percentage points compared to the June reading of 45.3 percent. The Em- ployment Index registered 44.3 percent, an increase of 2.2 percentage points from the June reading of 42.1 percent. The Supplier Deliveries Index registered 55.8 percent, down 1.1 percentage points from the June’s 56.9 percent. CONTINUED ON PAGE 38
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
34.392 31.916
7.8
7.816 7.979
-2.0
Industry Total
Year-to Date
June 2020
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
196.619 193.934
1.4
7.741 7.696
0.6
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2020 2019
2.8208 2.6371
7.0
16.1361 15.9772
1.0
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Jun. May
2.0865 2.3246
-10.2
3.3 3.8
-13.2
Shipping Days
Year
Month
Year-to-Date
2020 2019
22 20
127 126
SOURCE: Fibre Box Association
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www.boardconvertingnews.com
August 10, 2020
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