Current conditions EBCI slides for second month
While the Electroindustry Business Confidence Index for current North American conditions slid for a second month in a row, the six-month outlook continued to remain optimistic.
The National Electrical Manufacturers Association ’s Electroindustry Business Confidence Index (EBCI) for current North American conditions slid for a second month in a row in August, dropping to 39.1. A reading of less than 50 is indicative of contractionary conditions. Moreover, the survey’s measure of the mean degree of change in North American business conditions slipped to -0.4 from -0.3 in July (on a scale ranging from %%MDASSML%%5 [deteriorated significantly] through 0 [stayed the same] to +5 [improved significantly]). As recently as June, the mean degree of change was +0.1.
The six-month outlook, on the other hand, continued to provide some cause for optimism. Although the future conditions index for North America retreated slightly from July, it topped the “break-even” threshold of 50 for a fourth straight month at 54.3.
Click here for the complete August 2007 report.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey