Board Converting News, February 14, 2022

ISM: Manufacturing (CONT’D FROM PAGE 6)

Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month December 2021

rates as a result of omicron, was the biggest reason PMI growth was held back. Inputs — expressed as supplier de- liveries, inventories, and imports — continued to constrain production expansion, but there are clear indications of improved delivery performance. The Supplier Deliveries Index again slowed while the Inventories Index expand- ed, both at a slower rate. In January, the Prices Index in- creased for the 20th consecutive month, at a faster rate (an increase of 7.9 percentage points) compared to De- cember, indicating that supplier pricing power continues to rise. “Manufacturing performed well for the 20th straight month, with demand and consumption registering month- over-month growth. Meeting demand remains a challenge, due to hiring difficulties and labor turnover at all tiers. For the third month in a row, Business Survey Committee pan- elists’ comments suggest month-over-month improvement on hiring, offset by backfilling required to address employ- ee turnover at a higher rate, supplier performance and im- provements in the transportation sector,” says Fiore. Among the 14 manufacturing industries reporting growth in January are: Miscellaneous Manufacturing; Ma- chinery; Electrical Equipment, Appliances & Components; Food, Beverage & Tobacco Products; Computer & Elec- tronic Products. The only industry reporting a decrease in January compared to December is Paper Products.

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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