Industrial prices remain soft
Although the overall finished goods producer price index (PPI) moved up 0.2% during October, prices for most items used at the manufacturing shop level showed little or no increase.
Although the overall finished goods producer price index (PPI) moved up 0.2% during October, prices for most items used at the manufacturing shop level showed little or no increase. The index for capital equipment showed no change in October, after rising a surprising 0.4% the month before. Prices for durable and nondurable manufacturing materials declined between September-October. PRODUCER PRICE INDICES
Annual change, %
Oct. 1998 1997 1998 1999
Intermediate goods* 132.7 0.2 -0.2 1.9
Finished goods* 144.6 0.3 0.6 2.2
Mech. power trans 158.0 2.2 1.8 2.0
Machinery and equipment 124.7 -0.5 -1.1 1.3
Material handling equip. 132.0 1.8 1.3 1.8
* Core rate, excluding food and energy items Source: U.S. Labor Dept.
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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