Index sees slight jump
The Plant Engineering Cost Index (PECI) increased a scant 0.1% for the second month in a row. There was, however, activity within certain sectors of the facilities and equipment groups.
The Plant Engineering Cost Index (PECI) increased a scant 0.1% for the second month in a row. There was, however, activity within certain sectors of the facilities and equipment groups. Among the most significant price drops within the facilities index were copper-based alloy rod, down nearly 4% between February and March, and plywood prices, which fell by 1.4%. The most noteworthy fluctuation within the equipment group was lubricants, which increased by 2.1%, but are still 4.5% below year-ago prices.
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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.