NAM: Federal Reserve (CONT’D FROM PAGE 5)
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month December 2021
Despite lingering supply chain, workforce and pricing pressures, the manufacturing sector has proved quite re- silient over the past year. New factory orders have soared 12.6 percent year-over-year, or 13.4 percent with transpor- tation equipment excluded. Factory shipments increased 0.6 percent to $541.0 bil- lion in February, an all-time high. On a year-to-date basis, factory shipments have risen 13.7 percent, a very strong figure. The U.S. trade deficit inched down from a record $89.23 billion in January to $89.19 billion in February. The data continue to be skewed by supply chain disruptions, the chip shortage and higher costs for petroleum. The goods trade deficit pulled back from an all-time high, down from $108.60 billion to $107.47 billion. Goods imports have jumped to new heights, rising from $264.59 billion to $266.25 billion, with growth in imports outpacing the gain in goods exports, which increased from $155.98 billion to $158.78 billion. Goods exports were just shy of October’s record high ($159.02 billion). Lastly, the week ending April 2 saw 166,000 initial un- employment claims, the lowest level since the week end- ing November 30, 1968. NAM represents 14,000 member companies in every industrial sector, for manufacturers across the country. For more information, visit nam.org.
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
34.195 34.916
-2.1
8.549 8.729
-2.1
Industry Total
Year-to Date
December 2021
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
416.338 406.776
2.4
8.294 8.071
2.8
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2021 2020
2.7372 2.7727
-1.3
33.8477 33.0739
2.3
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Dec. Nov.
2.256 2.203
2.4
3.3 3.3
0
Shipping Days
Year
Month
Year-to-Date
2021 2020
20 20
251 252
SOURCE: Fibre Box Association
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