EBCI for North American business conditions declines in September
On the heels of an extraordinarily strong burst of activity over the last 12 to 15 months, current North American business conditions declined for a second straight month in September, according to NEMA’s Electroindustry Business Confidence Index (EBCI).s from a month ago to 26. September EBCI indicators for each of the other three world regions included in the survey pointed to both current and continued growth.
The recent deterioration of the North American index should be viewed in the context of a heretofore booming electroindustry, NEMA said.. electrical equipment manufacturing sector of close to 94 percent by late summer 2006, the highest in more than 30 years. U.S. shipments of electrical equipment averaged nearly 12 percent growth during the 12-month period that ended in July. According to the NEMA report, “It is not surprising such dramatic growth would eventually wane and that the EBCI would reflect a more cautious assessment of business conditions by NEMA-member executives.”
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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