News
June U.S. Manufacturing Index Declines
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in June was 46.3, dropping 2.1 points from May. Manufacturers reported a steep drop in new orders and demand due to inflation and high interest rates. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks
Canada Manufacturing Index Weakens in June
The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) in June was 48.8, down 0.2 points from May. Manufacturers reported decreased output and new orders due to high interest rates and economic uncertainty. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw
June Mexico Manufacturing Index Improves
The June seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 50.9, growing 0.4 points from May. Manufacturers reported an increase in production despite lower sales due to decreased demand. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading
May TFL Shipments Available to Members
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Canadian Environmental Protection Act Amended
On June 13, Bill S-5, Strengthening Environmental Protection for a Healthier Canada Act, was passed into law. This is the first significant amendment to the Canadian Environmental Protection Act (CEPA) in over 20 years. Principally, the amendments recognize the right to a healthy environment and modernize the Chemicals Management Plan (CMP) legislative framework. CPA will
Consumer Confidence Improves in June
U.S. consumer confidence in June registered at 109.7, up 7.2 points from May, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions rose 6.4 points to 155.3 in June. The short-term outlook index for income, business and the labor markets grew 7.8 points from May to 79.3. See The
Canadian Wood Product Sales Decline in May
Seasonally adjusted Canadian wood product sales in May were $2.8 billion (CAD), down 0.7% from April and 35.4% lower than the comparable month last year. Sales of furniture and related products totaled $1.3 billion, increasing 3.7% from April and dropping 1% over May 2022. Canadian manufacturing sales for all industries were $72.9 billion, rising 1.2%
May Canadian Building Permits Weaken
Canadian building permits in May climbed 10.5% from April but fell 13.5% from the comparable period in 2022 to $10.5 billion (CAD). Residential authorizations increased 8.5% from April but dropped 14.7% from May 2022 to $6.8 billion. Single-family totals reached $2.44 billion, down 1.3% from April and plunging 36.5% from the prior year. Multi-family levels
Fall Meeting Registration Now Available
Registration for CPA’s 2023 Fall Meeting, October 22-24, at the Lansdowne Resort in Leesburg, Virginia, is now available. The resort is located 12 miles from the Washington Dulles Airport (IAD) and is accessible to Reagan National (DCA) and Baltimore Washington (BWI) airports. Hotel reservations can be made at the discounted room rate of $279 through
CPA Launches Innovation Awards Program
The application for the inaugural CPA Innovation Awards is now open to all members. This new award program, developed and managed by CPA’s Decorative Surfaces Council (DSC), recognizes significant and creative advances in technology, product development and service solutions in the industry. This is an additional awards program beyond the current recognition of plant safety
Construction Spending Grows in May
U.S. construction spending in May was estimated at a seasonally adjusted annual rate of $1.9 trillion, up 0.9% from April and 2.4% higher than May 2022. Year-to-date construction spending increased 2.9% to $740.8 billion compared to the same period in 2022. Private construction spending was $1.5 trillion, climbing 1.1% from April. Residential totals were $857.4
May U.S. Manufacturing Shipments Strengthen
Seasonally adjusted shipments for all U.S. manufacturing industries in May rose 0.3% from April to $572.6 billion. Wood product shipments were up 0.2% in May to $13.3 billion compared to the prior month. Shipments of furniture and related products grew 0.5% from April to $6.8 billion. New orders for all U.S. manufacturing improved 0.3% from