INDUSTRY CALENDAR AUGUST 11 TAPPI Annual Golf Outing: Ruffled Feathers Golf Course, Lamont, Illinois. AUGUST 26-27 AICC Northeast Summit: Atlantic City, New Jersey. SEPTEMBER 21 AICC Canada/CCCA 13th Annual Member Golf Tourna- ment, Nobleton Lakes Golf Club, Nobleton, Ontario OCTOBER 5-7 FTA Fall Conference 2020: Cincinnati Marriott at River Center, Cincinnati, Ohio. OCTOBER 14-16 PPC 2020 Fall Meeting & Leadership Conference: Westin Savannah Harbor Golf Resort & Spa, Savannah, Georgia. NOVEMBER 17-18 PPC Folding Carton Boot Camp: PPC Headquarters, Springfield, Massachusetts. 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 Contracts (CONT’D FROM PAGE 8)
April figure of 76 percent, this high reading elevated the composite PMI. “The Inventories Index registered 50.4 percent, 0.7 per- centage point higher than the April reading of 49.7 percent. The Prices Index registered 40.8 percent, up 5.5 percent- age points compared to the April reading of 35.3 percent. The New Export Orders Index registered 39.5 percent, an increase of 4.2 percentage points compared to the April reading of 35.3 percent. The Imports Index registered 41.3 percent, a 1.4-percentage point decrease from the April reading of 42.7 percent. “Three months into the manufacturing disruption caused by the coronavirus (COVID-19) pandemic, com- ments from the panel were cautious (two cautious com- ments for every one optimistic comment) regarding the near-term outlook. As was the case in April, the PMI indi- cates a level of manufacturing-sector contraction not seen since April 2009; however, the trajectory improved. De- mand contracted heavily again, with the (1) New Orders contracting at a strong level, again pushed by New Ex- port Orders contraction; both indexes contracted at slow- er rates, (2) Customers’ Inventories Index returning to a level considered a positive for future production, and (3) Backlog of Orders Index remaining in strong contraction territory, in spite of weak production during the period. Consumption (measured by the Production and Employ- ment indexes) contributed positively (a combined 10.3-per- centage point increase) to the PMI calculation, with many panelists classified as non-essential beginning to return to
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