ISM: Manufacturing Grows (CONT’D FROM PAGE 1 )
Metal Products continue to contract, but at much softer levels,” says Fiore. Of the 18 manufacturing industries, 13 reported growth in June, among them Textile Mills, Wood Products, Furni- ture & Related Products, Printing & Related Support Activ- ities, Beverage & Tobacco Products, and Paper Products. Greycon Launches New Website London, UK based Greycon, a technology company fo- cused on delivering planning, scheduling, trim optimiza- tion, and MES solutions to assist manufacturers worldwide, has launched a new website at www.greycon.com . The website has been designed to offer an enhanced us- er-friendly experience with improved navigation and func- tionality while allowing users to see the full product port- folio Greycon offers. Created with the user experience in mind, the site includes new features to help users to navi- gate the site and find the solutions that are right for them. “We are delighted to debut our new company website to our clients and partners, who are looking to understand the breadth of Greycon’s products and services,” said Ab- der Guezour, Greycon’s Managing Director. “This website redesign allows each of our visitors to have a unique ex- perience while having access to our service information, educational webinars, latest news and premium content for our existing customers.”
tories Index returning to a level considered a positive for future production, and (3) Backlog of Orders Index soften- ing, although still contracting. Consumption (measured by the Production and Employment indexes) contributed pos- itively (a combined 34.1-percentage point increase) to the PMI calculation, with most companies’ employees return- ing to work in June. Inputs — expressed as supplier deliv- eries, inventories and imports — weakened, due to sup- plier delivery issues abating and import levels improving. Inventory levels reached parity with supply and demand. Inputs contributed negatively (a combined 11-percent- age point decrease) to the PMI calculation but were more than offset by the demand and consumption improvement. (The Supplier Deliveries and Inventories indexes directly factor into the PMI; the Imports Index does not.) Prices en- tered expansion again, but at marginal levels, supporting a positive outlook. “As predicted, the growth cycle has returned after three straight months of COVID-19 disruptions. Demand, consumption and inputs are reaching parity and are posi- tioned for a demand-driven expansion cycle as we enter the second half of the year. Among the six biggest industry sectors, Food, Beverage & Tobacco Products remains the best performing industry sector, and Computer & Electron- ic Products, and Chemical Products returned to respect- able growth. Transportation Equipment and Fabricated
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July 13, 2020
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