Material handling manufacturing outlook favorable through 2007
The forecast for material handling equipment manufacturing (MHEM) will continue to be favorable through 2007, according to the latest Material Handling Industry of America (MHIA) quarterly MHEM History and Forecast.
Material handling equipment manufacturing new orders grew at a record pace of 28.1% in 2005. MHIA forecasts continued growth of 11.0% to 13.0% in 2006, followed by slower growth in 2007 in the 3.5% to 5.0% range, closing out the most recent expansion phase of the MHEM business cycle. Material handling equipment manufacturing shipments grew 25.6% in 2005, while consumption grew 24.9%. Both are expected to follow the pattern of new orders, with continued strong growth through 2006 followed by slowing but steady growth in 2007, the report indicated.
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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