Hourly rates still flat at mid-year.* Despite generally bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish signs, custom injection molders mostly left their machine-hour rates unchanged in the first half of this 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. responses to our latest survey by 76 plants. The average change in rates has been flat or negative for the previous eight semi-annual surveys. Most 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. (77%) to our survey did not change their rates in the first half. Only 14% of respondents actually raised rates, and they did so by an average of 7%. Almost as many respondents (10%) dropped their hourly rates in the first half--by an average of 12%. Molders get busier Among the bullish signs in this survey, molders reported an average increase of three percentage points in 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. , reversing the downtrend downtrend A series of price declines in a security or the general market. Many analysts feel that investors should avoid securities in a downtrend until the pattern is broken. Compare uptrend. in late 2004 (see graph graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. ). Almost 41% of respondents increased their capacity utilization in the first half of 2005, while 24% saw lower capacity utilization and 33% were unchanged. Capacity utilization was highest in the Northeast “Northeastern” redirects here. For the Boston college, see Northeastern University, Boston. Northeast or north east is the ordinal direction halfway between north and east. It is the opposite of southwest. See boxing the compass. , for the third survey in a row. Lowest operating rates Operating rate The percentage of total production capacity of a company, industry, or country that is being used. operating rate The portion of capacity at which a business operates. were in West. Optimists still outnumber out·num·ber tr.v. out·num·bered, out·num·ber·ing, out·num·bers To exceed the number of; be more numerous than. outnumber Verb to exceed in number: pessimists by about 2.5 times, though that's less than at the start of the year. Some 54% of respondents foresee fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. improving business conditions vs. 65% at the start of the year. And 21% expect 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 conditions, up from 16% in the previous survey. That leaves 22% predicting no change. 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. was highest in the Northeast and lowest in the North Central (Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km). ) region. Another sign of increasing molding molding, in architecture, furniture, and decorative objects, a surface or group of surfaces of projecting or receding contours. A molding may serve as a defining element, terminating a unit or an entire composition (e.g. activity is the rate of new tooling orders, which were up an average of 3% in the first half, according to returns from 50 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. shops. New mold orders were flat in the second half of 2004.
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 12.0% 17.4% 30.8%
100-299 8.3% 13.0% 25.3%
300-499 6.7% 10.9% 20.7%
500-749 5.1% 8.8% 17.6%
750-999 5.7% 12.8% 20.5%
1000+ 5.8% 11.0% 18.5%
(a) Cumulative national averages over many surveys.
CUSTOM INJECTION MOLDERS' MACHINE-HOUR RATES WITH
OPERATOR, PROFIT MARGIN INCLUDED (a) (76 PLANTS)
Dollars Per Hour
(High/Average/Low) 2nd Quarter 2005
Tonnage Range <50 50-99 100-299
Northeast $70.00 $70.00 $75.00
(ME, NH, VT, MA, CT, $35.95 $40.26 $43.52
RI, NY, NJ, PA) $20.90 $23.22 $25.00
Southeast $40.00 $60.00 $65.00
(DE, DC, FL, GA, MD, $23.99 $33.92 $45.99
NC, SC, VA, WV) $13.93 $17.42 $32.97
North Central $75.00 $75.00 $85.00
(IL, IN, MI, OH, WI, IA, $W4.14 $36.22 $40.46
KS, MN, MO, NE, NO, SD) $8.08 $8.08 $8.08
South Central $63.86 $51.19 $56.57
(AL, KY, MS, TN, AR, $31.03 $26.60 $35.41
LA, OK, TX) $20.32 $8.13 $19.74
West (CA, OR, WA, $49.46 $150.00 $60.00
AK, HI, AZ, CO, ID, $31.64 $48.15 $43.25
MT, NV, NM, UT, WY) $16.00 $16.00 $24.00
National Average (c) $33.43 $38.08 $41.76
Dollars Per Hour
(High/Average/Low) 2nd Quarter 2005
Tonnage Range 300-499 500-749 750-999
Northeast $60.00 $60.00
(ME, NH, VT, MA, CT, $46.58 $59.03
RI, NY, NJ, PA) $34.83 $58.05
Southeast $49.46 $63.74 $87.92
(DE, DC, FL, GA, MD, $42.08 $63.74 $68.96
NC, SC, VA, WV) $34.83 $63.74 $50.00
North Central $111.00 $203.18 $90.00
(IL, IN, MI, OH, WI, IA, $0.00 $64.24 $70.36
KS, MN, MO, NE, NO, SD) $8.08 $8.08 $49.46
South Central $67.35 $74.09
(AL, KY, MS, TN, AR, $41.12 $58.15
LA, OK, TX) $19.74 $42.96
West (CA, OR, WA, $81.38 $108.50 $105.07
AK, HI, AZ, CO, ID, $57.08 $77.05 $81.63
MT, NV, NM, UT, WY) $38.00 $38.00 $42.00
National Average (c) $47.52 $64.46 $73.13
Dollars Per Hour
(High/Average/Low) 2nd Quarter 2005
Tonnage Range 1000-1499 1500-1999 2000-2999
Northeast
(ME, NH, VT, MA, CT,
RI, NY, NJ, PA)
Southeast $109.90 $197.82 $262.66
(DE, DC, FL, GA, MD, $109.90 $136.41 $262.66
NC, SC, VA, WV) $109.90 $75.00 $262.66
North Central $348.30 $406.35 $372.46
(IL, IN, MI, OH, WI, IA, $132.15 $192.76 $239.27
KS, MN, MO, NE, NO, SD) $60.45 $60.45 $153.86
South Central
(AL, KY, MS, TN, AR,
LA, OK, TX)
West (CA, OR, WA, $60.00 $60.00 $60.00
AK, HI, AZ, CO, ID, $60.00 $60.00 $60.00
MT, NV, NM, UT, WY) $60.00 $60.00 $60.00
National Average (c) $109.85 $148.69 $195.31
Dollars Per Hour
(High/Average/Low)
2nd Quarter 2005
Tonnage Range 3000+ Index (b)
Northeast
(ME, NH, VT, MA, CT, 93
RI, NY, NJ, PA)
Southeast
(DE, DC, FL, GA, MD, 86
NC, SC, VA, WV)
North Central $372.46
(IL, IN, MI, OH, WI, IA, $347.54 89
KS, MN, MO, NE, NO, SD) $322.61
South Central
(AL, KY, MS, TN, AR, 79
LA, OK, TX)
West (CA, OR, WA,
AK, HI, AZ, CO, ID, 100
MT, NV, NM, UT, WY)
National Average (c) $347.54
Average Change in Hourly Rates
In Second Quarter 2005: 0%
(a) An adjustment factor is used where data
did not already include profit and labor.
(b) Relative to highest-cost region (which equals 100);
value shown is a weighted average for all size ranges.
(c) Weighted geographically according to PLASTICS
TECHNOLOGY's Manufacturing Census.
CUSTOM INJECTION
CAPACITY UTILIZATION
4th Qtr
2002 53
2nd Qtr
2003 51
4th Qtr
2003 55
2nd Qtr
2004 55
4th Qtr
2004 51
2nd Qtr
2005 54
Note: Table made from bar graph.
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion