Board Converting News, August 30, 2021

Board Converting News, August 30, 2021

BoardConverting Serving the North American Corrugated and Folding Carton Industries for 37 years August 30, 2021 VOL. 37, NO. 35

Hiring Engaged Employees To Drive Greater Profits

NAM: Manufacturing Jumps Again In July

Manufacturing production jumped 1.4 per- cent in July, the strongest monthly gain since March, according to Chad Moutray, Ph.D. and Chief Economist at the National Association of Manufacturers (NAM) Motor vehicles and parts output soared 11.2 percent in July, but production in the sector remained down 3.6 percent since January. Excluding motor ve- hicles, manufacturing production increased 0.8 percent in July, suggesting broad-based strength beyond autos. Manufacturing capac- ity utilization rose from 75.5 percent in June to 76.6 percent in July, the best reading since January 2019. Manufacturing production has soared 7.4 percent over the past 12 months, with the in- dex exceeding pre-pandemic levels of output for the first time. “In fact, output in the sector was the strongest since August 2019,” said Moutray. “Moving forward, I would expect for manufacturers to be back to pre-pandemic levels in the third quarter, with production ris- ing roughly six percent and three percent in 2021 and 2022, respectively. Looking at >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48

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