Current conditions EBCI slides in October, future indicator rebounds modestly
October was the fourth consecutive month, and the fifth in the last six, in which the index failed to reach 50 points.
NEMA ’s Electroindustry Business Confidence Index lost ground in October, dropping by nearly 11 points to 37 from 47.9 a month ago. October was the fourth consecutive month, and the fifth in the last six, in which the index failed to reach 50 points. The results indicate that external conditions facing electrical equipment manufacturers have deteriorated steadily in recent months, NEMA said.
By contrast, the future conditions reading for North America gained ground on the month, albeit modestly, climbing 3 points to 42.6. Notwithstanding October’s increase, the index registered below 50 for a second consecutive month, presaging a weakening of industry conditions over the next six months.
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Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.