Grand finale for production in '97
We can applaud the performance of the U.S. industrial economy as we set the stage for 1998. Overall industrial output for 1997 rose a hearty 5% over 1996 levels. Industrial production for December 1997 was 6% higher than December 1996.
We can applaud the performance of the U.S. industrial economy as we set the stage for 1998. Overall industrial output for 1997 rose a hearty 5% over 1996 levels. Industrial production for December 1997 was 6% higher than December 1996. Don't get your hopes too high for the upcoming year, however. Due to the overall slowdown in the economy, we can expect more moderate gains of 2.8% for 1998. INDUSTRIAL PRODUCTION INDICES
Annual change, %
Dec. 1997 1996 1997
Total manufacturing 131.1 3.6 5.6
Fabricated metal products 127.1 2.5 2.9
Nonelectrical machinery 179.3 8.8 10.1
Instruments 110.4 4.4 2.9
Source: Cahners Economics
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Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.