Growing Economy (Cont’d from Page 3) pecting to spend more predict an average increase of 29 percent, 11 percent anticipate an average decrease of 29.9 percent, and 58 percent expect to spend the same on capital expenditures in 2021. In the December 2020 forecast, respondents predict- ed an increase of 2.5 percent in prices paid during the first four months of 2021; they report prices increased by 8.3 percent. The 74 percent who say their prices are higher now than at the end of 2020 report an av- erage increase of 11.4 percent, while the 2 percent who report lower prices indicate an average decrease of 4.8 percent. The remaining 23 percent report no change for the period. Purchasing Power Services respondents report that their purchases in the first four months of this year cost an average of 4.9 percent more than at the end of 2020.This is 1.2 per- centage points higher than the 3.7-percent increase predicted in December 2020. Sixty percent of services respondents report that prices increased, on average, 8.6 percent during the first part of 2021, 2 percent report price decreases of, on average, 9.9 percent and 38 percent indicate no change. Survey respondents expect a net average price in- crease of 8.1 percent for all of 2021, compared to the end of 2020. With respondents reporting a pric- es increase of 8.3 percent through May 2021, prices are projected to ease slightly over the rest of the year. Seventy-four percent of respondents project prices to increase, on average, 11.1 percent for the full year, 3 percent anticipate a decrease of, on average, 3.7 per- cent, and 24 percent expect no change. For 2021, services respondents expect prices to in- crease, on average, 4.9 percent compared to the end of 2020. With respondents reporting an increase of 4.9 percent through May 2021, prices are projected to hold steady over the rest of the year. Sixty-three per- cent of respondents anticipate increases of, on average, 8.3 percent, 3 percent of respondents expect decreas- es of, on average, 12 percent, and 34 percent do not expect prices to change. ISM’s Manufacturing Business Survey Committee re- spondents forecast that manufacturing employment will increase by 2.8 percent by the end of 2021, com- pared to the end of 2020. Thirty-nine percent of re- spondents expect employment to be, on average, 9.3 percent higher, 12 percent predict employment to de- crease, on average, 7.3 percent, and 49 percent expect their employment levels to be unchanged. ISM’s Services Business Survey Committee respon- dents forecast that employment will increase 2.4
nilox
When your anilox roll arrives for reconditioning, we perform a multi-point inspection to ensure we understand the scope of work to be done to meet OEM speci cations before we prepare the roll for repair.
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(Cont’d on Page 12)
Flexo Market News June 7, 2021 7
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