Manufacturing, Economy Grow Again In July: ISM
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month June 2021
Economic activity in the manufacturing sector grew in July, with the overall economy notching a 14th consecutive month of growth, 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 Manage- ment (ISM) Manufacturing Business Survey Committee. “The July Manufacturing PMI® registered 59.5 percent, a decrease of 1.1 percentage points from the June read- ing of 60.6 percent. This figure indicates expansion in the overall economy for the 14th month in a row after contrac- tion in April 2020. The New Orders Index registered 64.9 percent, decreasing 1.1 percentage points from the June reading of 66 percent. The Production Index registered 58.4 percent, a de- crease of 2.4 percentage points compared to the June reading of 60.8 percent. The Prices Index registered 85.7 percent, down 6.4 percentage points compared to the June figure of 92.1 percent, which was the index’s high- est reading since July 1979 (93.1 percent). The Backlog of Orders Index registered 65 percent, 0.5 percentage point higher than the June reading of 64.5 percent. The Employ- ment Index registered 52.9 percent, 3 percentage points CONTINUED ON PAGE 94
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
35.963 34.395
4.6
8.173 7.817
4.6
Industry Total
Year-to Date
June 2021
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
208.632 196.828
6.0
8.279 7.749
6.8
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2021 2020
2.9450 2.8182
4.5
14.1095 13.3029
6.1
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Jun. May
2.1046 1.9962
5.4
3.1 2.9
6.9
Shipping Days
Year
Month
Year-to-Date
2021 2020
22 22
126 127
SOURCE: Fibre Box Association
10
www.boardconvertingnews.com
August 9, 2021
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