PECI stable through August
The Plant Engineering Cost Index (PECI) moved up a slight 0.1% during August, as a decline in materials prices was more than offset by sharp increases in most labor components.
The Plant Engineering Cost Index (PECI) moved up a slight 0.1% during August, as a decline in materials prices was more than offset by sharp increases in most labor components. Many more PECI material components fell than rose over the month; the only three components in the facilities group to record any price increase at all during August -- plywood, lumber, and clay products -- are a reflection of continued strength in construction markets and are less affected by imports from emerging markets.
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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