Industrial controls shipments surge to seven-year high

The National Electrical Manufacturers Association’s Primary Industrial Controls Index increased 7% between the first and second quarters of 2007.

08/24/2007


The National Electrical Manufacturers Association ’s Primary Industrial Controls Index increased 7% between the first and second quarters of 2007. On a year-over-year basis, the index is up 8.6% and has reached its highest point of the current business cycle. The Primary Industrial Controls and Adjustable Speed Drives index, a broader measure of demand for industrial control equipment, climbed 5% on a quarter-to-quarter basis. Compared to the second quarter of 2006, the combined index rose 9.7% and has increased on a year-over-year basis in each of the last 15 quarters.
The sharp quarterly increase in shipments of industrial controls was expected given the upbeat second quarter reading on real GDP growth, NEMA said. Following a sluggish 0.6% annualized gain during the first quarter, aggregate economic growth clocked in at a 3.4% annualized rate of gain. Had it not been for the significant drag imposed by the flagging residential construction sector, the second quarter reading could have been higher. Real GDP growth received a boost from inventories, increased federal government spending, improved balance of trade and continued gains in business investment. The bulk of the past quarter’s gain in business investment came from nonresidential construction activity, but capital spending on software and equipment still managed a modest increase of 2.1% annualized.
Read the rest of this story here and get more information here .





No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2016 Product of the Year; Diagnose bearing failures; Asset performance management; Testing dust collector performance measures
Safety for 18 years, warehouse maintenance tips, Ethernet and the IIoT, GAMS 2016 recap
2016 Engineering Leaders Under 40; Future vision: Where is manufacturing headed?; Electrical distribution, redefined
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Safety at every angle, Big Data's impact on operations, bridging the skills gap
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Applying network redundancy; Overcoming loop tuning challenges; PID control and networks
Driving motor efficiency; Preventing arc flash in mission critical facilities; Integrating alternative power and existing electrical systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

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

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role of plant safety and offers advice on best practices.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me