NAM Economic Report (CONT’D FROM PAGE 34)
Board Converting NEWS INTERNET DIRECTORY
ufacturing (+4,700), chemical manufacturing (+4,100) and food manufacturing (+3,400). But job gains have been rel- atively flat over the past eight months. “Manufacturers are reporting positive order growth. In April, new orders for manufactured goods rose 0.7 percent, marking a three-month growth streak. Orders for durable goods rose 0.6 percent, while nondurable goods orders grew 0.8 percent. Unfilled orders increased 0.2 percent, marking the 45th consecutive month of growth, following a 0.3 percent rise in March. “Manufacturing construction is also on the rise. Despite a slight dip in overall construction spending in April, manu- facturing construction rose 0.9 percent and is up 17.3 per- cent year-over-year. The value of manufacturing construc- tion this year is 28.2 percent higher than last year. “But manufacturing sentiment is mixed. The U.S. Man- ufacturing PMI contracted for the second consecutive month to 48.7 percent in May, while the S&P Global U.S. Manufacturing PMI showed a modest improvement to 51.3 percent, driven by increased new orders and rising busi- ness confidence. “This follows an expansion in March, which ended a 16-month contraction streak. Two out of five subindexes contributing to the PMI are now in expansion, up from one in April. “In May, the New Orders Index fell deeper into contrac- tion, slipping from 49.1 percent to 45.4 percent. This marks the second consecutive month of contraction and the low- est reading since May 2023. The report continued, “The Production Index de- creased to 50.2 percent from 51.3 percent in April, but re- mained in expansion territory, marking its fourth expansion in the past five months. Among the six largest manufactur- ing sectors, only fabricated metal products and chemical products reported increased production. The Employment Index rose to 51.1 percent, indicating an expansion in em- ployment after seven months of contraction. “The Prices Index fell to 57 percent from 60.9 percent in April, showing a rise in raw material prices for the fifth consecutive month. Five major manufacturing industries reported price increases. Despite strong expansion, the index showed some easing. Prices for commodities like fuel, natural gas, aluminum, and plastics continued to rise, while steel prices weakened. In May, 26 percent of compa- nies reported higher prices, down from 31 percent in April. “Inflation pressures on manufacturers remain. Manu- facturers continue to face rising input prices, prompting some firms to increase their selling prices, though the rate of output price inflation appears to be slowing. “Rate cuts in Europe last week probably won’t be re- peated in the U.S. this week. The European Central Bank cut interest rates for the first time in almost five years. The Federal Open Market Committee meets this week, and while a rate cut is unlikely, news from across the pond will likely factor into the conversations in the boardroom.”
ARC INTERNATIONAL www.ARCInternational.com
ARC International is a world leader in the manufacturing of roller products for flexography. The latest nano-technology laser engraving in our NC and NV manufacturing facilities ensures superior quality and consistency in anilox rollers.
AES (ADVANCED EQUIPMENT SALES) www.aesales.net
AES is a leading full-service provider of integrated convey- ance systems specializing in scrap, trim, and dust. AES en- gineers custom scrap systems and works as a partner in process improvement to help businesses achieve greater profitability, productivity, and sustainability. Products include balers, shredders/hoggers, core shredders, filters, fans, and specialized dust control and collection systems. AES is the ex- clusive distributor for the AirShark Rotary Material Separator. For a wide variety of new and used equipment on to- day’s market, visit our website at www.acm-corp.com. BAUMER HHS CORPORATION www.baumerhhs.com hhs is a global leader in advanced gluing, camera verifica- tion and quality assurance systems for the packaging indus- try. Zero-defect quality and elevated production speeds are key parameters in the manufacturing of corrugated boxes. With hhs Xcam Box Monitoring and non-contact flap gluing of corrugated board, hhs offers every option for quality as- surance in the production of boxes with flexo folder gluers. AMERICAN CORRUGATED MACHINE www.acm-corp.com BLOWER APPLICATION COMPANY (BLOAPCO) www.BloApCo.com BloApCo has served the corrugated industry since 1933 with a variety of scrap handling solutions, including Hori- zontal Floor Shredders, Trim Cutters, and Material Handling Fans and Conveying Systems. BloApCo Shredders allow for continuous shredding and pneumatic removal of sheet waste stacks of all sizes, roll slab, cores, and carton scrap.
CORRUGATED MACHINERY SPECIALISTS www.cmsretrofits.com
Leading manufacturer and installer of quality retrofits, up- grades and replacement parts for S&S and Prime Flexo Folder Gluers. Specialists in reconditioning of S&S Flexo Folder Gluers, including ink, air and electrical systems.
CORRUGATOR BELT SERVICE LLC www.corrugator.com
Serving the corrugated box industry since 1991, Chicago- based Corrugator Belt Service LLC maintains corru- gator belts for peak board quality and performance.
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June 17, 2024
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