NEMA finds 16 month high in latest electroindustry business condition report
December 28, 2016—Although some respondents noted weakness in their markets, the current electroindustry conditions index benefited from a decidedly positive shift overall as it moved from 57.9 last month to 66.7 in December. The share of those reporting worse conditions mirrored November’s report at 11 percent. The major movement in the index came about due to the shift from unchanged, which registered at 63 percent in November, to better conditions, reported at 23 percent last month. In December, both unchanged and better came in at 44 percent.
The survey’s measure of the intensity of change in electroindustry business conditions moved further into positive territory, as the mean rating ticked up an additional one-tenth of a point to +0.4 this month from its previous reading of +0.3 in November. Panelists are asked to report intensity of change on a scale ranging from –5 (deteriorated significantly) through 0 (unchanged) to +5 (improved significantly).
The future conditions index continued to strengthen, reaching 80.6 in December. The last two months have seen this figure climb, starting at 66.7 in October and moving up to 73.7 in November. The share of those expecting better or unchanged conditions edged up, but most of the shift in confidence came from the 10 percent fewer respondents expecting worse conditions, a sentiment expressed by only 6 percent of respondents in December. This month 67 percent of our panelists reported expectations of better conditions versus 63 percent in November, while 28 percent foresaw unchanged conditions this time, compared to 21 percent last month.
MORE INDUSTRY NEWS
Rotork actuators deliver automated safety solution for Mauritius airport
The Profibus-enabled, ATEX-rated failsafe Rotork actuators have been installed in critical valve areas to prevent potential spillages by...
Peratech introduces Jack Wei as VP of Global Operations
Wei will focus on China, Korea, Taiwan and Japan, as Peratech moves to mass production in 2017, following recent design wins.
Alicat's BASIS flow controllers chosen by Valco to control gas flow
Designed specifically for original equipment manufacture and process integration, BASIS controls gas flow rates used for mixing or diluting, or...
Robotics Industry Association announces winners of 2017 Engelberger Robotics Awards
The 2017 Engelberger Robotics Award will be presented to Dr. Gill Pratt, CEO of the Toyota Research Institute (TRI), and Dr. Daniela Rus, Professor...
Interview: The Benefits of One-Cable Automation
As manufacturing becomes more automated and connected across a wide range of industries, it is more essential than ever to streamline installations...
CIMdata releases eBook on capital project success for EPCs
This eBook presents CIMdata's perspective on the use of open standards, notably ISO 15926, to improve interoperability, and the application of...
The TCO Check for Joining Processes: Electromechanical Joining Systems
By Alexander Müller, Kistler
Throughout the industry, the Total Cost of Ownership (TCO) principle is a critical factor in decisions on procuring...
Opto 22 helps Pioneer Energy enhance visibility of oil wells
Pioneer Energy faced a significant engineering challenge: how do you reproduce—and exceed—the processing capabilities of an entire gas...
Endress+Hauser's Open Integration Program Aims to Boost Multi-Vendor System Interoperability
By Bill Lydon, Editor, Automation.com
In today’s industrial world, one of the the most annoying hindrances to effective system integration is...
Control Techniques & Leroy-Somer's speed drives enhance energy efficiency for Dutch fishing vessel
The solution comprises a number of Unidrive M variable speed drives, along with motors, transformers, brake resistors, rectifier units and generators.