Hourly rates unchanged in late '04.* Custom injection molders' machine-hour rates were basically unchanged in the second half of 2004, 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 from 115 plants nationwide. To be precise, the average hourly rate slipped less than half a point from June June: see month. to December December: see month. . Almost the same number of plants reported increases or decreases in hourly rates and 85% 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. reported no change at all. Hourly rates have been on a downslide down·slide n. A downward course; a decline: "a growing concern among . . . board leaders about whether the economy could be headed for a downslide" Andrée Brooks. since mid- mid- pref. Middle: midbrain. 2003. Meanwhile, custom molders' 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. dropped 3.6 points from June to December, to 51.2%, the lowest level since mid-2003. December capacity utilization was highest among molders 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. and lowest in the Southeast Southeast or south east is the ordinal direction halfway between south and east. It the opposite of northwest. Southeast or South East can refer to: Twice as many molders--46% of survey respondents--reported declines in capacity utilization as reported increased 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 in the second half of 2004. That was the first time that declines outweighed increases in utilization since the end of 2002. New orders for injection molds were unchanged at year's end compared with mid-year 2004, according to reports from 76 moldmaking shops. Molders optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op Despite these soft economic results, 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. among responding custom molders soared at the end of 2004. More than 65% expected business conditions to improve in the near term, up from 57% six months earlier. Only 16% of respondents foresaw 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 conditions, which was down a point from June. This was only the second time since 1999 that optimists topped 60% of the sample. The level of optimism was strongest among molders in the West and weakest in the South Central region.
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 Without Without Without
Tonnage Profit Operator Either
<100 12.0% 17.3% 30.7%
100-299 8.3% 13.0% 25.1%
300-499 6.7% 10.8% 20.9%
500-749 4.7% 8.9% 17.3%
750-999 5.9% 13.0% 20.8%
1000+ 4.9% 11.7% 17.8%
(a) Cumulative national averages over manv survevs.
CUSTOM INJECTION MOLDERS' MACHINE-HOUR RATES WITH
OPERATOR, PROFIT MARGIN INCLUDED (a) (115 PLANTS)
Dollars Per Hour
(High/Average/Low)
4th Quarter 2004
Tonnage Range < 50 50-99 100-299
Northeast $125.00 $59.84 $59.84
(ME, NH, VT, MA, CT, $41.88 $35.74 $39.07
RI, NY, NJ, PA) $18.56 $16.82 $23.20
Southeast $40.63 $45.00 $55.00
(DE, DC, FL, GA, MD, $35.67 $32.71 $41.92
NC, SC, VA, WV) $29.00 $16.47 $32.00
North Central $65.00 $86.19 $98.19
(IL, IN, MI, OH, WI, IA, $33.39 $36.83 $42.41
KS, MN, MO, NE, NO, SD) $13.45 $20.18 $20.18
South Central $52.20 $52.20 $58.00
(AL, KY, MS, TN, AR, $32.16 $32.97 $39.33
LA, OK, TX) $10.18 $13.92 $26.90
West (CA,OR, WA, $70.00 $82.35 $137.25
AK, HI, AZ, CO, ID, MT, $44.49 $37.29 $62.45
NV, NM, UT, WY) $23.20 $37.12 $40.00
National Averages (c) $37.55 $35.83 $44.65
Average Change in Hourly Rates
In Second Quarter 2004: -0.4%
Dollars Per Hour
(High/Average/Low)
4th Quarter 2004
Tonnage Range 300-499 500-749 750-999
Northeast $376.60 $71.37 $94.43
(ME, NH, VT, MA, CT, $63.44 $66.98 $80.16
RI, NY, NJ, PA) $30.16 $60.39 $65.88
Southeast $62.50 $73.98
(DE, DC, FL, GA, MD, $51.98 $71.39
NC, SC, VA, WV) $38.00 $69.94
North Central $87.00 $87.00 $118.00
(IL, IN, MI, OH, WI, IA, $46.40 $59.67 $70.06
KS, MN, MO, NE, NO, SD) $16.90 $33.63 $33.63
South Central $75.40 $87.00
(AL, KY, MS, TN, AR, $50.46 $62.19
LA, OK, TX) $26.90 $47.08
West (CA,OR, WA, $195.03 $274.50 $369.88
AK, HI, AZ, CO, ID, MT, $82.45 $271.75 $363.36
NV, NM, UT, WY) $45.00 $269.00 $356.85
National Averages (c) $57.87 $99.37 $136.37
Average Change in Hourly Rates
In Second Quarter 2004:
Dollars Per Hour
(High/Average/Low)
4th Quarter 2004
Tonnage Range 1000-1499 1500-1999 2000-2999
Northeast $93.33
(ME, NH, VT, MA, CT, $93.33
RI, NY, NJ, PA) $93.33
Southeast
(DE, DC, FL, GA, MD,
NC, SC, VA, WV)
North Central $107.60 $149.37 $217.09
(IL, IN, MI, OH, WI, IA, $96.24 $123.38 $197.39
KS, MN, MO, NE, NO, SD) $74.73 $65.88 $175.00
South Central $120.00 $180.00
(AL, KY, MS, TN, AR, $120.00 $180.00
LA, OK, TX) $120.00 $180.00
West (CA,OR, WA,
AK, HI, AZ, CO, ID, MT,
NV, NM, UT, WY)
National Averages (c) $98.53 $123.38 $193.69
Average Change in Hourly Rates
In Second Quarter 2004:
Dollars Per Hour
(High/Average/Low)
4th Quarter 2004
Tonnage Range 3000+ Index (b)
Northeast
(ME, NH, VT, MA, CT, 73
RI, NY, NJ, PA)
Southeast
(DE, DC, FL, GA, MD, 69
NC, SC, VA, WV)
North Central $301.12
(IL, IN, MI, OH, WI, IA, $286.82 68
KS, MN, MO, NE, NO, SD) $272.51
South Central
(AL, KY, MS, TN, AR, 66
LA, OK, TX)
West (CA,OR, WA,
AK, HI, AZ, CO, ID, MT, 100
NV, NM, UT, WY)
National Averages (c) $286.82
Average Change in Hourly Rates
In Second Quarter 2004:
(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
2nd Qtr 53
2002
4th Qtr 53
2002
2nd Qtr 51
2003
4th Qtr 55
2003
2nd Qtr 55
2004
4th Qtr 51
2004
Note: Table made from bar graph.
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