Manufacturing PMI At 47.2 Percent, Economy Contracts In September Economic activity in the manufacturing sector contract- ed in September for the sixth consecutive month and the 22nd time in the last 23 months, say the nation's supply executives in the latest Manufacturing ISM Report On Busi- ness. The report was issued by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee: “The Manufacturing PMI registered 47.2 percent in September, matching the figure recorded in August. The overall economy continued in expansion for the 53rd month after one month of contraction in April 2020. (A Manufacturing PMI above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.)
Peachtree Packaging (CONT’D FROM PAGE 18)
• 2nd Place Silver Corrugated Structure E-Commerce & Subscriptions Packaging Award for 'Opu Probiotics • 1st Place Gold Corrugated Printing Flexo Print on Com- bined Board Award for Ryobi Mower Box • 3rd Place Bronze Corrugated Printing E-Commerce & Subscription Packaging Award for 'Opu Probiotics “We are beaming with pride for Team Peachtree. What an honor. Thank you to all our designers, engineers, sales- people and support staff who create and deliver such amazing products to our customers,” said Chad Wagner, Peachtree CEO and President.“ Also, thank you, AICC and TAPPI, for incredible events like the SuperCorrExpo. And to all the winners and entries, it’s an honor to be among such an impressive group of industry peers.”
DESIGNS THAT INCREASE PRODUCTION
“The New Orders Index remained in contraction territory, registering 46.1 per- cent, 1.5 percentage points higher than the 44.6 percent recorded in August. The Sep- tember reading of the Production Index (49.8 percent) is 5 percentage points high- er than August's figure of 44.8 percent. The Prices Index went into contraction (or 'decreasing') territory for the first time this year, registering 48.3 percent, down 5.7 percentage points compared to the read- ing of 54 percent in August. “The Backlog of Orders Index regis- tered 44.1 percent, up 0.5 percentage point compared to the 43.6 percent recorded in August. The Employment Index registered 43.9 percent, down 2.1 percentage points from August's figure of 46 percent. “The Supplier Deliveries Index indi- cated slowing deliveries, registering 52.2 percent, 1.7 percentage points higher than the 50.5 percent recorded in August. (Sup- plier Deliveries is the only ISM Report On Business index that is inversed; a reading of above 50 percent indicates slower de- liveries, which is typical as the economy improves and customer demand increas- es.) The Inventories Index registered 43.9 percent, down 6.4 percentage points com- pared to August’s reading of 50.3 percent. “The New Export Orders Index reading of 45.3 percent is 3.3 percentage points lower than the 48.6 percent registered in August. “The Imports Index remained in con- traction territory in September, registering 48.3 percent, 1.3 percentage points lower CONTINUED ON PAGE 22
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October 7, 2024
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