Manufacturing PMI (CONT’D FROM PAGE 28)
Board Converting NEWS INTERNET DIRECTORY
registered 48.5 percent, down 0.2 percentage point com- pared to May’s reading of 48.7 percent. “After breaking a 16-month streak of contraction by ex- panding in March, the manufacturing sector has contract- ed the last three months, and at a faster rate in June. None of five subindexes that directly factor into the Manufactur- ing PMI were in expansion territory, down from two in May. The New Orders Index remained in contraction but moved upward in June. “Of the six biggest manufacturing industries, only one (Chemical Products) registered growth in June,” says Fio- re. “A reading above 50 percent indicates that the manu- facturing sector is generally expanding; below 50 percent indicates that it is generally contracting. “A Manufacturing PMI above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy. Therefore, the June Manufacturing PMI indicates the overall economy grew for the 50th straight month after one month of contraction (April 2020). “The past relationship between the Manufacturing PMI and the overall economy indicates that the June reading (48.5 percent) corresponds to a change of plus-1.7 percent in real gross domestic product (GDP) on an annualized ba- sis,” says Fiore. “The ISM Prices Index registered 52.1 percent, 4.9 per- centage points lower compared to the May reading of 57 percent, indicating raw materials prices increased in June for the sixth month after eight consecutive months of de- creases. Of the six largest manufacturing industries, three — Computer & Electronic Products; Food, Beverage & To- bacco Products; and Chemical Products — reported price increases in June. “The Prices Index indicated expansion in June, but at slower rate compared to the previous month. Commodity prices continue to be volatile, especially fuel, natural gas, aluminum and plastics. Steel prices are approaching long- term historical lows. Twenty percent of companies report- ed higher prices in June, compared to 26 percent in May, a clear improvement,” says Fiore. “A Prices Index above 52.8 percent, over time, is gen- erally consistent with an increase in the Bureau of Labor Statistics (BLS) Producer Price Index for Intermediate Ma- terials. “In June, the eight industries that reported paying in- creased prices for raw materials, in order, are: Wood Prod- ucts; Electrical Equipment, Appliances & Components; Textile Mills; Paper Products; Computer & Electronic Prod- ucts; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; and Chemical Products. “The three industries reporting paying decreased pric- es for raw materials in June are: Petroleum & Coal Prod- ucts; Fabricated Metal Products; and Transportation Equip- ment. Seven industries reported no change in prices in June as compared to May.
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, shredders and dust briquetters. 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 along with other performance enhancing products. Featuring products from Contact Bars and Compensating 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 International. We offer below or above roof systems featur- ing cyclones OR screen separators with real time pressure balancing for optimal dust control. High efficiency cyclones for sheet transfer exhaust systems eliminate water con- sumption and deliver dust directly to compactor or briquet- ter for low maintenance, long term sustainability and reli- ability. System audits, dust explosivity tests and dust hazard analysis (DHA’s) available. Re-manufactured balers, filters, blowers and shredders available at significant savings.
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www.boardconvertingnews.com
July 8, 2024
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