ISM: Manufacturing Shrinks, Economy Expands In March
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month February 2020
Economic activity in the manufacturing sector contracted in March, and the overall economy grew for the 131st con- secutive month, say the nation’s supply executives 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 Management (ISM) Manufacturing Business Survey Committee: “The March PMI registered 49.1 percent, down one percentage point from the February reading of 50.1 percent. The New Orders Index registered 42.2 percent, a decrease of 7.6 percentage points from the February reading of 49.8 per- cent. The Production Index registered 47.7 percent, down 2.6 percentage points compared to the February reading of 50.3 percent. The Backlog of Orders Index registered 45.9 percent, a decrease of 4.4 percentage points com- pared to the February reading of 50.3 percent. The Em- ployment Index registered 43.8 percent, a decrease of 3.1 percentage points from the February reading of 46.9 percent. “The Supplier Deliveries Index registered 65 percent, up 7.7 percentage points from the February reading of 57.3 percent, and limited the decrease in the composite PMI. The Supplier Deliveries Index is one of five equally weight- CONTINUED ON PAGE 36
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
30.298 29.740
1.9
7.575 7.435
1.9
Industry Total
Year-to Date
February 2020
Year
Actual
Percent Change Avg Week Percent Change
2020 2019
64.242 63.022
1.9
7.648 7.503
1.9
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2020 2018
2.5165 2.4590
2.3
5.3333 5.2069
2.4
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Feb. Jan.
2.2978 2.3456
-2.0
3.7 3.7
0.0
Shipping Days
Year
Month
Year-to-Date
2020 2019
20 20
42 42
SOURCE: Fibre Box Association
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www.boardconvertingnews.com
April 6 , 2020
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