INDUSTRY CALENDAR NOVEMBER 1 ConneXion: www.connexion.exchange NOVEMBER 9-13 PACK EXPO Connects: www.packexpoconnects.com. NOVEMBER 10 AICC Region 6 Dinner & TAPPI Trade Fair: Marriott Oak Brook, Oak Brook, Illinois. NOVEMBER 17-18 PPC Folding Carton Boot Camp: PPC Headquarters, Springfield, Massachusetts. DECEMBER 2-4 AICC Mexico 2020 Annual Meeting & Trade Show: Hotel Camino Real Monterrey, Monterrey, Mexico. APRIL 20-28, 2021 drupa 2021: www.drupa.com APRIL 26-28, 2021 AICC Spring Meeting: Amelia Island, Florida. AUGUST 9-12, 2021 TAPPI/AICC SuperCorrExpo: Orange County Convention Center, Orlando, Florida.
ISM: Manufacturing Grows (CONT’D FROM PAGE 8)
Board Converting News® is published weekly by NV Business Publications, in association with Corrugated Today®, Recycling Markets®, Flexo Market News®, International Paper Board Indus- try®, and Folding Carton Industry®. Editorial and Marketing office: PO Box 802, Manasquan, NJ 08736-0802. Subscription Rates in U.S. and Canada $223 per year or $355 for two years. Overseas rate per year $355 USD. Current issue single copies (pre-paid only) $8.50 in U.S. (elsewhere $9.50); add $5.00 per order for shipping & handling. No part of this publication may be transmit- ted or reproduced without written permission from the publisher. Robyn Smith - President/Publisher: rsmith@nvpublications.com Len Prazych - Vice President “After the coronavirus (COVID-19) pandemic brought manufacturing activity to historic lows, the sector contin- ued its recovery in September. Survey Committee mem- bers reported that their companies and suppliers contin- ue to operate in reconfigured factories and are becoming more proficient at maintaining output. Panel sentiment was optimistic (2.3 positive comments for every cautious comment), an improvement compared to August. De- mand expanded, with the (1) New Orders Index growing at strong levels, supported by the New Export Orders Index expanding moderately, (2) Customers’ Inventories Index at its lowest figure since June 2010, a level considered a pos- itive for future production, and the (3) Backlog of Orders Index expanding at a faster rate compared to the prior two months. Consumption (measured by the Production and Employment indexes) contributed positively (a combined 0.9-percentage point increase) to the PMI® calculation, with five of the top six industries continuing to expand out- put strongly. Employment neared expansion territory for CONTINUED ON PAGE 46 “The Inventories Index registered 47.1 percent, 2.7 per- centage points higher than the August reading of 44.4 per- cent. The Prices Index registered 62.8 percent, up 3.3 per- centage points compared to the August reading of 59.5 percent. The New Export Orders Index registered 54.3 percent, an increase of 1 percentage point compared to the August reading of 53.3 percent. The Imports Index reg- istered 54 percent, a 1.6-percentage point decrease from the August reading of 55.6 percent.
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October 12, 2020
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