Producer prices continue to fall
Trends in the government's Producer Price Index (PPI) continue to make a mockery of concerns about inflation. The PPI for finished goods declined 0.3% in March, and was 1.8% lower during March 1998 than in March 1997.
Trends in the government's Producer Price Index (PPI) continue to make a mockery of concerns about inflation. The PPI for finished goods declined 0.3% in March, and was 1.8% lower during March 1998 than in March 1997. The PPI hasn't recorded an over-the-month gain since last September. Falling energy prices have played an important role in this period of overall producer price deflation. PRODUCER PRICE INDICES
Actual Annual change, %
Mar 98 1997 1998* 1999*
Intermediate goods 134 0.2 0.3 2.1
Finished goods 142.7 0.3 0.4 2
Mechanical power trans 156.9 2.2 1.2 --
Machinery and equipment 125.3 -0.5 0.4 0.7
Material handling equipment 130.7 1.8 1.7 --
* Forecasts by Cahners Economics; Source: Bureau of Labor Statistics
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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.