Hourly rates dipped again at midyear. (Hourly Rate Survey).Custom injection molders' machine-hour rates dipped dip v. dipped, dip·ping, dips v.tr. 1. To plunge briefly into a liquid, as in order to wet, coat, or saturate. 2. 1.3% on average in the second quarter of the year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 122 plants responding to our latest semi-annual survey. Rates have been dropping since the end of 2000. About 12% of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. said their rates were lower in the second quarter than in the quarter before. Only 5% raised rates, and 83% did not change them at all. However, there were some signs that business was turning the corner at midyear mid·year n. 1. The middle of the calendar or academic year. 2. a. An examination given in the middle of a school year. b. midyears A series of such examinations. . Molders' average machine capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. rose about 1.5 percentage points to 53%--still very low by historical standards. Almost 40% of respondents said their capacity utilization increased in the second quarter, versus 31% whose utilization utilization, n 1. the extent to which a given group uses a particular service in a specified period. Although usually expressed as the number of services used per year per 100 or per 1000 persons eligible for the service, utilization rates may be was lower and 29% whose utilization was unchanged. This was the first time since early 2000 that more shops were gaining business than were losing it. Southeastern south·east n. 1. Abbr. SE The direction or point on the mariner's compass halfway between due south and due east, or 135° east of due north. 2. An area or region lying in the southeast. 3. : molders again enjoyed the highest capacity utilization, while those in the West had the most idle capacity. Optimism Optimism See also Hope. Bontemps, Roger personification of cheery contentment. [Fr. Lit.: “Roger Bontemps” in Walsh Modern, 66] Candide beset by inconceivable misfortunes, hero indifferently shrugs them off. [Fr. prevails Molders' optimism about business conditions has increased steadily since the middle of 2001 and rose again at midyear 2002. More than 54% of respondents expected business conditions to improve in the near term, while 14% expected worsening wors·en tr. & intr.v. wors·ened, wors·en·ing, wors·ens To make or become worse. Noun 1. worsening - process of changing to an inferior state decline in quality, deterioration, declension business and 32% foresaw no change. South Central molders again were the most optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op , while North Central processors were the least upbeat. Despite molders' favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. outlook and increasing capacity utilization, there was a cautionary sign in declining orders for new molds. According to reports from 82 moldmaking shops nationwide, tooling orders dropped an average of 6.4% in the second quarter. Shops reporting fewer mold mold, name for certain multicellular organisms of the various classes of the kingdom Fungi, characteristically having bodies composed of a cottony mycelium. The colors of molds are caused by the spores, which are borne on the mycelium. orders outnumbered Outnumbered is a British sitcom that aired on BBC One in 2007.[1] It stars Hugh Dennis and Claire Skinner as a mother and father who are outnumbered by their three children. those with increasing orders by 34% to 28%. This was the third survey in a row that saw declining mold orders, but the decline has grown steadily less steep. CUSTOM INJECTION CAPACITY UTILIZATION 4th Qtr 1999 64 1st Qtr 2000 66 4th Qtr 2000 60 2nd Qtr 2001 58 4th Qtr 2001 52 2nd Qtr 2002 53 Note: Table made from bar graph PROFIT & LABOR IN HOURLY RATES Deduct these amounts (a) from the figures in the larger table to arrive at rates without profit, operator, or both. Press Tonnage Without Profit Without Operator Without Either <100 11.9% 16.7% 30.2% 100-299 8.1% 12.1% 24.4% 300-499 7.1% 10.3% 20.5% 500-749 5.6% 8.5% 17.4% 750-999 6.8% 12.4% 21.5% 1000+ 4.1% 11.6% 16.7% (a)Cumulative national averages over many surveys. CUSTOM INJECTION MOLDERS' MACHINE- HOUR RATES WITH OPERATOR, PROFIT MARGIN INCLUDED (a) (122 PLANTS) Want to Participate? Contact Chief Editor Matt Naitove (see p. 5 for address and phone). Dollars Per Hour (High/Average/Low) 2nd Quarter 2002 Tonnage Range <50 50-99 100-299 300-499 Northeast $75.00 $86.33 $89.78 $75.00 (ME, NH, VT, MA, CT, $37.83 $39.72 $44.24 $45.57 RI, NY, NJ, PA) $14.70 $20.00 $20.00 $20.00 Southeast $40.00 $50.00 $51.80 $69.06 (DE, DC, FL, GA, MD, $32.26 $34.47 $39.33 $48.09 NC, SC, VA, WV) $20.00 $20.72 $26.95 $34.82 North Central $50.00 $61.46 $164.85 $200.40 (IL, IN, MI, OH, WI, IA, $29.43 $32.30 $43.70 $61.41 KS, MN, MO, NE, ND, SD) $12.02 $12.36 $17.37 $24.05 South Central $32.23 $49.46 $54.95 $76.93 (AL, KY, MS, TN, AR, $32.23 $29.99 $31.98 $38.43 LA, OK, TX) $32.23 $12.49 $22.44 $24.17 West (CA, OR, WA, $67.00 $80.16 $80.16 $72.00 AK, HI, AZ, CO, ID, MT, $36.35 $38.57 $42.00 $52.00 NV, NM, UT, WY) $10.97 $15.75 $3.90 $27.90 National Average (c) $33.31 $35.24 $41.92 $52.13 Average Change in Hourly Rates In Second quarter 2002: -1.3% Tonnage Range 500-749 750-999 1000-1499 1500-1999 Northeast $76.93 $87.92 (ME, NH, VT, MA, CT, $53.92 $83.45 RI, NY, NJ, PA) $33.40 $76.93 Southeast $111.23 $222.46 (DE, DC, FL, GA, MD, $74.36 $216.42 NC, SC, VA, WV) $57.26 $209.78 North Central $260.52 $130.00 $105.00 $132.37 (IL, IN, MI, OH, WI, IA, $83.75 $82.31 $90.67 $117.69 KS, MN, MO, NE, ND, SD) $40.00 $45.00 $82.43 $104.41 South Central $53.44 $61.54 $143.88 $96.19 (AL, KY, MS, TN, AR, $41.27 $59.29 $97.00 $94.26 LA, OK, TX) $32.23 $57.55 $73.48 $92.32 West (CA, OR, WA, $86.33 $120.00 $110.00 $140.00 AK, HI, AZ, CO, ID, MT, $67.23 $98.95 $98.33 $140.00 NV, NM, UT, WY) $40.00 $80.00 $90.00 $140.00 National Average (c) $68.14 $83.22 $110.28 $119.95 Average Change in Hourly Rates In Second quarter 2002: -1.3% Tonnage Range 2000-2999 3000+ Index (b) Northeast (ME, NH, VT, MA, CT, 100 RI, NY, NJ, PA) Southeast $348.45 (DE, DC, FL, GA, MD, $338.52 93 NC, SC, VA, WV) $328.59 North Central $175.00 (IL, IN, MI, OH, WI, IA, $135.46 99 KS, MN, MO, NE, ND, SD) $104.41 South Central (AL, KY, MS, TN, AR, 77 LA, OK, TX) West (CA, OR, WA, $190.00 $230.00 AK, HI, AZ, CO, ID, MT, $190.00 $230.00 100 NV, NM, UT, WY) $190.00 $230.00 National Average (c) $181.68 $230.00 Average Change in Hourly Rates In Second quarter 2002: -1.3% (a)An adjustment factor is used where data did not already include profit and labor. (b)Relative to highest-cost region (which equals 100); valve shown is a weighted average for all size ranges. (c)Weighted geographically according to PLASTICS TECHNOLOGY's Manufacturing Census. |
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