News
Mexico Manufacturing in Positive Territory after 31 Months
The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in May was 50.6, up 1.3 points from April, entering positive territory for the first time in 31 months. Manufacturers reported higher export orders and hiring, but overall sales were down, and input costs had the second-highest spike since the history of the survey
April Industry Snapshot Report Available
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TFL Shipments Report Available to Members
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New ANSI MDF Standard Available
CPA is pleased to announce the revised ANSI A208.2-2022 Medium Density Fiberboard (MDF) Standard for Interior Applications is now available. This latest version supersedes the 2016 standard and includes the addition of the U.S. EPA TSCA Title VI formaldehyde regulation as a requirement, updated ASTM standards, corrected referenced footnotes in ASTM D1037, as well as
Ahlstrom-Munksjö Spins Off Décor Business
Ahlstrom-Munksjö, Helsinki, Finland, announced that the Board of Directors agreed to an ownership restructuring plan that transfers the Décor business to Ahlstrom Capital Oy. The new company will be called Munksjö and the deal should be finalized by the end of the third quarter. See Ahlstrom-Munksjö
U.S. Home Sales Continue to Decrease in April
U.S. sales of new single-family homes in April were at a seasonally adjusted annual rate of 591,000, down 16.6% from March and 26.9% lower than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of April was 444,000, representing a 9.0-month supply at the current sales rate.
April U.S. Manufacturing Shipments Up
Seasonally adjusted shipments for all U.S. manufacturing industries in April were up 0.2% from March to $532.1 billion. Wood product shipments dipped 0.3% in April to $13.2 billion compared to the prior month. Shipments of furniture and related products rose 0.3% from March to $6.1 billion. New orders for all U.S. manufacturing increased 0.3% from
Furniture Orders Down in March
U.S. residential furniture factory orders in March fell 26% from the comparable month in 2021. Year-to-date orders dropped 21% compared to 2021. In March, 79% of participants reported monthly and year-to-date decreases. Furniture shipments grew 19% over March 2021, and year-to-date totals increased 4%. With shipments surpassing new orders, backlogs declined 4% from March 2021
April U.S. RV Shipments Rise
The RV Industry Association’s monthly survey of U.S. manufacturers reported that April shipments reached 57,043 units, rising 11.5% over the comparable month last year. Year-to-date shipments were up 14.1% from the first four months of 2021. See RV Industry Association
Canadian Building Permits Decrease in April
Canadian building permits in April dropped 0.6% from March to $11.7 billion (CAD) but were up 5.5% from the year-ago period. Residential authorizations fell 3.3% from March to $7.7 billion but increased 0.9% from April 2021. Single-family totals reached $3.6 billion, down 2% from March and unchanged from the prior year. Multi-family levels decreased 4.4%
Mexico Manufacturing in Positive Territory after 31 Months
The seasonally adjusted IHS Markit Mexico Manufacturing Purchasing Managers’ Index (PMI) in May was 50.6, up 1.3 points from April, entering positive territory for the first time in 31 months. Manufacturers reported higher export orders and hiring, but overall sales were down, and input costs had the second-highest spike since the history of the survey
April Industry Snapshot Report Available
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