ISM: Manufacturing Contracts (CONT’D FROM PAGE 37)
el, Leather & Allied Products; Food, Beverage & Tobacco Products; Paper Products; and Wood Products. Eleven industries reporting contraction in May, among them Printing & Related Support Activities, Machinery, Mis- cellaneous Manufacturing, Electrical Equipment, and Com- puter & Electronic Products. Stora Enso Introduces Low Carbon Paperboard For Chocolate Packaging As chocolate producers and brand owners look to lower their environmental impact, Stora Enso’s new plastic-free, lightweight board designed for premium packaging helps customers decrease their carbon footprint and meet the needs of consumers looking for eco-friendly products. Performa Light by Stora Enso is a renewable and re- cyclable board for premium folding cartons typically used in packaging of chocolate and confectionery, as well as beauty products. Performa Light allows for 70 percent re- duction of CO2 emissions in production compared to com- petition due to fossil-free energy production and a pat- ented fiber treatment technology, FiberLight Tec, to save energy and raw material. The board is low weight and has an improved strength due to microfibrillated cellulose in the structure, resulting in less waste and lower CO2 emis- sions. Customers will also benefit from Performa Light’s high print quality due to its whiteness and brightness.
work in late May. Inputs — expressed as supplier deliveries, inventories and imports — strengthened again due to sup- plier delivery issues that were partially offset by continuing imports sluggishness. The delivery issues were the result of disruptions in domestic and global supply chains, driven primarily by supplier plant shutdowns. Inventory expand- ed due to issues with throughput and demand weakness. Inputs contributed negatively (a combined 7.3-percentage point decrease) to the PMI calculation. (The Supplier Deliv- eries and Inventories indexes directly factor into the PMI; the Imports Index does not.) Prices continued to contract (but slower in May), supporting a negative outlook. “The coronavirus pandemic impacted all manufactur- ing sectors for the third straight month. May appears to be a transition month, as many panelists and their suppli- ers returned to work late in the month. However, demand remains uncertain, likely impacting inventories, customer inventories, employment, imports and backlog of orde “Among the six biggest industry sectors, Food, Bev- erage & Tobacco Products remains the only industry in expansion. Transportation Equipment; Petroleum & Coal Products; and Fabricated Metal Products continue to con- tract at strong levels,” says Fiore. Of the 18 manufacturing industries, the six that reported growth in May — in the following order — are: Nonmetal- lic Mineral Products; Furniture & Related Products; Appar-
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June 8, 2020
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