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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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.