Manufacturing, Economy (CONT’D FROM PAGE 16)
tronic Products; Electrical Equipment, Appliances & Com- ponents; Fabricated Metal Products; Food, Beverage & Tobacco Products; Machinery; Chemical Products; Miscel- laneous Manufacturing; Transportation Equipment; Wood Products; Paper Products; and Petroleum & Coal Products. The only industry reporting contraction in May is Printing & Related Support Activities. Registration Open For AICC Midwest Region Golf Tournament Registration is now open for the AICC Midwest Region Golf Tournament, being held on Monday, July 19, 2021, at the St. Charles Country Club in St. Charles, Illinois. A plant tour of Pamarco’s Batavia facility will also take place, from 7:00 a.m. to 11:00 a.m. before the golf tourna- ment. Pamarco has in-depth knowledge of the flexo, off- set, coating and laminating, corrugating, embossing, gra- vure and industrial markets. The Midwest Region Board is also happy to share that it will be resuming the full scholarship program and awarding two $5,000 scholarships. The winners will be announced and presented with the awards at the golf event. For more information on the scholarship and to obtain an application, contact Tim Engle at engle@baysek.com or (715) 496-0253 or Shari Saeger at ssaeger@inspireauto- mation.com or (715) 204-0288.
Inputs positively contributed to the PMI® calculation, by a combined 8.1 percentage points. Importation of items slightly improved in the period. (The Inventories and Sup- plier Deliveries indexes directly factor into the PMI®; the Imports Index does not.) The Prices Index expanded for the 12th consecutive month, indicating continued supplier pricing power and scarcity of supply chain goods. “All of the six biggest manufacturing industries — Com- puter & Electronic Products; Fabricated Metal Products; Food, Beverage & Tobacco Products; Chemical Products; Transportation Equipment; and Petroleum & Coal Products — registered moderate to strong growth in May. “Manufacturing performed well for the 12th straight month, with demand, consumption and inputs registering strong growth compared to April. Panelists companies and their supply chains continue to struggle to respond to strong demand due to the difficulty in hiring and retain- ing direct labor. Record backlog, customer inventories and raw material lead times are being reported. The manu- facturing recovery has transitioned from first addressing demand headwinds, to now overcoming labor obstacles across the entire value chain,” says Fiore. Sixteen of 18 manufacturing industries reported growth in May, in the following order: Furniture & Related Prod- ucts; Nonmetallic Mineral Products; Plastics & Rubber Products; Textile Mills; Primary Metals; Computer & Elec-
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June 7, 2021
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