ISM: Manufacturing, Economy (CONT’D FROM PAGE 8)
Board Converting NEWS INTERNET DIRECTORY
percent recorded in March. The Supplier Deliveries Index registered 67.2 percent, an increase of 1.8 percentage points compared to the March figure of 65.4 percent. The Inventories Index registered 51.6 percent, 3.9 percent- age points lower than the March reading of 55.5 percent. The New Export Orders Index reading of 52.7 percent is down 0.5 percentage point compared to March’s figure of 53.2 percent. The Imports Index registered 51.4 percent, a 0.4-percentage point decrease from the March reading of 51.8 percent. “The U.S. manufacturing sector remains in a de- mand-driven, supply chain-constrained environment. In April, progress slowed in solving labor shortage problems at all tiers of the supply chain. Panelists reported higher rates of quits compared to previous months, with fewer panelists reporting improvement in meeting head-count targets. April saw a slight easing of prices expansion, but instability in global energy markets continues. Surcharge increase activity across all industry sectors continues. Panel sentiment remained strongly optimistic regarding demand, though the three positive growth comments for every cautious comment was down from March’s ratio of 6-to-1, Panelists continue to note supply chain and pricing issues as their biggest concerns. “Demand expanded, with the (1) New Orders Index re- maining in growth territory, supported by weaker growth of new export orders, (2) Customers’ Inventories Index remaining at a very low level and (3) Backlog of Orders Index continuing in respectable growth territory. Con- sumption(measured by the Production and Employment indexes) grew during the period, though at a slower rate, with a combined minus 6.3-percentage point change to the Manufacturing PMI calculation. The Employment In- dex expanded for the eighth straight month; panelists indicated limited improvement in ability to hire, but chal- lenges with turnover (quits and retirements) and resulting backfilling continue to plague efforts to adequately staff organizations, to a greater extent compared to March. In- puts — expressed as supplier deliveries, inventories, and imports — continued to constrain production expansion. The Supplier Deliveries Index indicated deliveries slowed at a faster rate in April, while the Inventories and Imports indexes grew at slower rates. The Prices Index increased for the 23rd consecutive month, at a slower rate compared to March. “Five of the six biggest manufacturing industries — Machinery; Computer & Electronic Products; Food, Bev- erage & Tobacco Products; Transportation Equipment; and Chemical Products — registered moderate-to-strong growth in April. “Manufacturing performed well for the 23rd straight month, with demand registering slower month-over- month growth (likely due to extended lead times and de- cades-high material price increases) and consumption softening (due to labor force constraints). Overseas part-
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SUN Automation Group is the global leader in providing innovative solutions to the corrugated industry. SUN engi- neers and builds the SUN625 Rotary Die Cutter, provides sales, service and support in North and Central America for Latitude Machinery Corporation, manufacturer of Mini to Jumbo FFG and RDCs. Additionally, SUN is the North Amer- ican, UK and Ireland sales and service provider for Para Machinery’s line of equipment, and is the North American sales provider for Highcon. SUN also powers the corrugat- ed industry’s premier IIoT platform, Helios, and is the OEM source for Langston/Staley equipment parts and service. THACKER INDUSTRIAL SERVICE COMPANY www.thackerindustrial.com Specializing in corrugated machinery, T.I.S.CO. offers quali- ty-made products, support services, and more. T.I.S.CO. has a reputation of dependability, not only in the product, but in service and support. With more than 25 years’ experience, T.I.S.CO. installs equipment and machinery, moves or sets up entire plants, rewires and rebuilds - all over the world. VT GROUP www.vtgrouponl ine.com VT offers prepress services for the POP display and corru- gated shipping container industry including graphic design, optimized digitally imaged printing plates and innovative pre-mounting solutions. Our large-format digital printing fa- cility (Digital Impact) is a leading short-run manufacturer of distinctive POP displays and signage where litho-like graph-
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May 9, 2022
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