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percent indicates that it is generally con- tracting. A PMI above 43.3 percent, over a period of time, generally indicates an expansion of the overall economy. The past relationship between the PMI and the overall economy indicates that the average PMI for January through June (56.4 percent) corresponds to a 4.1 percent increase in real gross domes- tic product (GDP) on an annualized basis. In addition, if the PMI for June (57.8 percent) is annualized, it corre- sponds to a 4.6 percent increase in real GDP annually. Global coatings additives market analyzed LONDON, U.K.—The global coating additives market is expected to grow at a c o m p o u n d a n n u a l g r o w t h r a t e (CAGR) of 6.08 percent from 2017 to 2021. This is according to Global Coat- ing Additives Market 2017-2021, a re- port from Technavio, an industrial market research firm. Coating additives are used in paints and coatings to en- hance their performance and quality. Application of additives to the coatings helps in foam reduction, UV protec- tion, gloss control, dispersion of solids, anticatering, antichipping, and im- provement of wetting. In terms of for- mulation, the global coating additives market is segmented into waterborne, solvent-borne and powder-based. US primary aluminum production rate surveyed ARLINGTON, Va.—Based on Alu- minum Association surveys, the annual rate of US primary aluminum produc- tion totaled 746,097 metric tons (tonnes) during June 2017, off eight- tenths of one percent from the June 2016 annual rate of 751,849 tonnes. Compared to the previous month, the annual rate of production was down seven-tenths of one percent from the May 2017 annual rate of 751,488 tonnes. The year-to-date production r a t e t h r o u g h J u n e 2 0 1 7 t o t a l e d 739,948 tonnes, a decrease of 17.5 per- cent from the 2016 year-to-date rate of 896,784 tonnes. Actual production for the month of June 2017 totaled 61,323 tonnes. Participating companies ac- count for 100 percent of US primary aluminum production. Manufacturing sector's economic activity expands in June TEMPE, Ariz.—Economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 97th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The report is based on data compiled from purchasing and supply executives nationwide. The June PMI registered 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent. The New Orders Index registered 63.5 percent, an increase of 4 percentage points from the May reading of 59.5 percent. The Production Index regis- tered 62.4 percent, a 5.3 percentage point increase compared to the May reading of 57.1 percent. The Employ- ment Index registered 57.2 percent, an increase of 3.7 percentage points from the May reading of 53.5 percent. The Supplier Deliveries index registered 57 percent, a 3.9 percentage point increase from the May reading of 53.1 percent. The Inventories Index registered 49 percent, a decrease of 2.5 percentage points from the May reading of 51.5 percent. The Prices Index registered 55 percent in June, a decrease of 5.5 per- centage points from the May reading of 60.5 percent, indicating higher raw ma- terials' prices for the 16th consecutive month, but at a slower rate of increase in June compared with May. Comments from the panel generally reflect expand- ing business conditions, with new or- ders, production, employment, backlog and exports all growing in June com- pared to May and with supplier deliver- ies and inventories struggling to keep up with the production pace. Manufacturing expanded in June as the PMI registered 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent and its highest level since August 2014, when it regis- tered 57.9 percent. This indicates growth in manufacturing for the 10th consecu- tive month. A reading above 50 percent indicates that the manufacturing econ- omy is generally expanding; below 50 POWDER COATING, August 2017 29 UPDATE: Markets NG I T AT C R E D O C P C POW OA go the on new website Check out our and Updates y Events Industr Subscribe and Answers eekly Questions Weekly Questions Archives Search Article m o c . ing t at c p W oa g