Industrial production rebounds in November
Industrial production rose by a stronger-than-expected 0.3% in November, a Federal Reserve report showed on Friday.
According to Reuters, industrial production rose by a stronger-than-expected 0.3% in November, reversing an October decline as mining and manufacturing output rebounded, a Federal Reserve report showed on Friday.
Economists polled by Reuters ahead of the report had forecast total output to increase 0.1% in November. The October decline, originally reported as a 0.5% drop, was revised downward to a 0.7% decrease, making that the largest monthly drop since a 1.6% drop in October 2005.
For the full Reuters report, click here .
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.