North American business confidence indexes tumble in January
NEMA’s Electroindustry Business Confidence Index for current North American conditions fell sharply in January, dropping nearly 18 points and reaching its lowest level since December 2006.
NEMA ’s Electroindustry Business Confidence Index for current North American conditions fell sharply in January. The index dropped nearly 18 points to 30, its lowest level since December 2006, and is indicative of a marked weakening in business conditions facing electrical equipment manufacturers heading into 2008. Meanwhile, the future conditions index for North America also slipped further below 50 in January. The value of the index edged down from 45.7 in December to 42.5 in January.
Click here for the complete January 2008 report.
The Electroindustry Business Confidence Index gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin America and is based on the results of a monthly survey of senior managers at NEMA member companies.
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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