Red indexes; white hot for some automation; blue electroindustry outlook
Economic outlooks for industrial automation and the electroindustry might be classified as red, white, and blue.
Rosslyn, VA NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped to 37.5 in June, in the red by NEMA
In separate announcements, white hot and strong areas of growth include , according to various ARC Advisory Group reports on automation-related investments.
Meanwhile, the NEMA EBCI for future North American conditions extended its modest rebound to a second month as the index climbed 5.5 points. That performance came on top of the 2.5 point gain seen from April to May. Despite these recent signs of life though, June’s reading, at 37.5, blue picture of the electroindustry business environment over the next half year, according to NEMA.industry. NEMA, the trade association of choice for the electrical manufacturing industry, provides statistics on industrial controls, drives, sensors, terminal blocks, motor starters, and PLCs .
Happy Independence Day .
– Edited by Mark T. Hoske , editor in chief
Control Engineering News Desk
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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