Electroindustry business confidence: Highest in nearly 4 years, NEMA says; other gains

NEMA’s Electroindustry Business Confidence Index (EBCI) for future North American conditions climbs to highest in nearly four years, NEMA reported in June. Several other sources gave positive economic signs for manufacturing.


NAM: The Facts about Modern Manufacturing
NAM also provides facts about modern manufacturing
, in case you need more moral or statistical support.

Though NEMA’s Electroindustry Business Confidence Index (EBCI) for current North American conditions retreated slightly in June, a companion indicator of expected conditions six-month ahead climbed to its highest level in nearly four years, NEMA reported on June 24.
Several other indicators show optimism for manufacturing, which . This is
In separate news, Manufacturing and Wholesale Distribution (MWD) National Survey , released June 22. Respondents to the survey say they expect their companies to rebound from the current recession beginning in late 2009 and early 2010. In general, companies predict an earlier rebound for their own businesses than for their industry or the U.S. economy. Also, technology related workers are in much higher demand than the general workforce, findings suggest.
Manufacturing remains important
On June 9, a new annual index released today by Deloitte LLP and The Manufacturing Institute shows that Americans view manufacturing as the most important industry for a strong national economy. A perception gap remains between the public’s highly positive views of manufacturing’s contributions to America’s economic success and their negative views about pursuing a career in manufacturing. The survey, Public Viewpoint on Manufacturing, which assessed public perceptions and understanding of a wide range of issues related to manufacturing, shows that the majority of respondents (71%) view manufacturing as a national priority with 59% agreeing that the U.S. manufacturing industry effectively competes on a global scale. These results fall in line with public perceptions that manufacturing plays a larger role in overall economic prosperity compared to the technology, energy, health care, retail, communications, and financial services industries.
More on NEMA's outlook
NEMA's EBCI for future North American business conditions rose in June for a fourth month in a row, increasing nearly 3 points to 68.2, the highest level since August 2005. This indicates a growing proportion of industry executives see an improvement of at least some degree in the business environment within the next six months from today’s depressed levels, NEMA explains.
The EBCI for current conditionsusiness confidence of the electroindustry in Asia, Europe, North America, and Latin America, and is based on the results of a monthly survey of senior managers at NEMA member companies. Those companies represent more than 80% of the electroindustry. Click here to see the NEMA EBCI June 2009 report .
In addition see an April 21 report about

how several indicators suggest growing optimism among manufacturers

- Edited by Mark T. Hoske, editor in chief, Control Engineering , www.controleng.com

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Controller programming; Safety networks; Enclosure design; Power quality; Safety integrity levels; Increasing process efficiency
Additive manufacturing benefits; HMI and sensor tips; System integrator advice; Innovations from the industry
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Infrastructure for natural gas expansion; Artificial lift methods; Disruptive technology and fugitive gas emissions
Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me