New paradigm or twilight zone?

Economic growth remained strong through the third quarter of 1997, and early signs pointed to a good fourth quarter as well.

01/01/1998


Economic growth remained strong through the third quarter of 1997, and early signs pointed to a good fourth quarter as well. So why have leadtimes been so well behaved? Economists talk of a new paradigm in which the bar is being raised for the long-term growth potential for the economy. Any pressure now felt on leadtimes should lessen in 1998. Watch for continued, albeit minor, declines in leads during the coming year.

LEADTIMES

Dec.1997 Change % 1996 1997 1998

Gears 4.2 -7.6 -1.9 -5.6

Pumps 4.2 -5 -5.4 -1.9

Special fasteners 6.2 -4.7 -3.4 0

Valves 3.2 -0.4 -7 -2.7

Hydraulic cylinders 5.8 -16.5 24.8 -0.5

Historical data: Purchasing Magazine. Forecasts: Cahners Economics





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.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
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.
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

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

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me