Manufacturing confidence: NEMA index reports choppy North American business conditions
Rosslyn, VA — The Electroindustry Business Confidence Index (EBCI) for current North American conditions decreased from 52.2 to 47.8 in December. The National Electrical Manufacturers Association (NEMA) report shows a reversal in conditions from November, when survey results revealed the first month-to-month improvement since April. News from the future conditions index for North America was better.
Rosslyn, VA — The Electroindustry Business Confidence Index (EBCI) for current North American conditions decreased from 52.2 to 47.8 in December. The National Electrical Manufacturers Association (NEMA)
National Electrical Manufacturers Association (NEMA)report shows a reversal in conditions from November, when survey results revealed the first month-to-month improvement since April. News from the future conditions index for North America was better.
NEMA EBCI indexes are measures of the diffusion of sentiment across the electrical manufacturing industry; a reading of more than 50 indicates conditions favorable to industry expansion and vice-versa. A companion measure, the mean degree of change in North American business conditions, registered 0 (on a scale ranging from–5 [deteriorated significantly] through 0 [stayed the same] to +5 [improved significantly]) for a second month, implying a mostly flat business environment since October, the organization explained.
Value of the index for future conditions increased in December to 45.7 from 37 in November; NEMA said the reading amounts to a forecast of continued modest deterioration in business conditions over the first half of 2008. December was the fourth consecutive month in which the future reading registered below 50.
Current and future conditions indexes for other world regions equaled or surpassed December’s growth threshold mark of 50, the organization said. The current conditions index for Latin America rose to 56.7; the future conditions index retreated to 63.3. Current and future European conditions indicators grew to 61.5 and 50, respectively.
Methods: EBCI indexes are based on the results of a monthly survey of senior managers at NEMA member companies and gauge the business confidence of the electroindustry in key regions. The number of respondents was 23, NEMA noted. Respondents are asked to indicate whether conditions are better, worse or unchanged (or not available). Read prior NEMA financial predictions, from Control Engineering
Read prior NEMA financial predictions, from Control Engineering.
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
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.