Machine-hour rates rebounded in third quarter.Machine-Hour Rates Rebounded in Third Quarter After dropping 1.8% in the first quarter, and 3.6% in the second, average custom injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. machine-hour rates rose 3.7% in the third quarter of 1989. That left average rates about 2% below where they were at the end of 1988, 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. returns from 145 molders nationwide in PLASTICS TECHNOLOGY's latest quarterly survey. That third-quarter rebound in rates contrasts with an abrupt softening 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. by custom injection molders that took place during the same period. (see PLASTICS TECHNOLOGY's latest Manufacturing Activity Index, Jan. '90, p. 99). As shown in the "Index" column of the table below, the West again reported the highest average prices for custom molding services, and New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. is again next in line, while the Southeast averaged among the lowest prices, as usual. In fact, the Southeast was one of only two regions whose average hourly rates continued to drop in the third quarter, the other being the West. Compared with the end of 1988, third-quarter hourly rates had softened the most in the Southeast and West, and only New England's rates were actually ahead of 1988 levels. Analyzed by machine size, hourly rates since the end of 1988 declined most in the 750-999 ton range, and held almost even in under 100 tons. Machines of 1000 tons and over were the one category showing an increase in rates over three quarters of 1989. As in past surveys, a "correction factor" was added to the overall averages to make up for the fact that only half the respondents said their hourly rates included direct labor and profit (see footnote Text that appears at the bottom of a page that adds explanation. It is often used to give credit to the source of information. When accumulated and printed at the end of a document, they are called "endnotes." to the table). [Tabular tab·u·lar adj. 1. Having a plane surface; flat. 2. Organized as a table or list. 3. Calculated by means of a table. tabular resembling a table. Data Omitted] |
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