ISM: Manufacturing Contracts In May, Economy Returns To Expansion Economic activity in the manufacturing sector contracted in May, and the overall economy returned to expansion af- ter one month of contraction, say the nation’s supply exec- utives in the latest Manufacturing ISM Report On Business. The report was issued last week by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Manage- ment (ISM) Manufacturing Business Survey Committee: “The May PMI registered 43.1 percent, up 1.6 percentage points from the April reading of 41.5 percent. This figure in- dicates expansion in the overall economy after April’s con- traction, which ended a period of 131 consecutive months of growth. The New Orders Index registered 31.8 percent, an increase of 4.7 percentage points from the April read- ing of 27.1 percent. “The Production Index registered 33.2 percent, up 5.7 percentage points compared to the April reading of 27.5 percent. The Backlog of Orders Index registered 38.2 per- cent, an increase of 0.4 percentage point compared to the April reading of 37.8 percent. “The Employment Index registered 32.1 percent, an in- crease of 4.6 percentage points from the April reading of 27.5 percent. The Supplier Deliveries Index registered 68 percent; though down eight percentage points from the
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month April 2020
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
31.964 32.653
-2.1
7.611 7.775
-2.1
Industry Total
Year-to Date
April 2020
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
130.945 127.545
2.7
7.703 7.592
1.5
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2020 2019
2.6579 2.6904
-1.2
10.8562 10.4940
3.5
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Apr. Mar.
2.2914 2.1278
7.7
3.6 3.3
9.1
Shipping Days
Year
Month
Year-to-Date
2020 2019
21 21
85 84
SOURCE: Fibre Box Association
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