Hourly rates dipped again last quarter.
Note that in two regions of the country--Southeast and West-average rates actually increased in the second quarter, and they were unchanged in North Central states. Likewise, rates were hiked on presses under 100 tons and over 749 tons, while they declined for the intermediate tonnages.
Since the second quarter of last year, average rates increased only 1.8% nationwide. In truth, rate gains were seen only in the Southeast and North
[TABULAR DATA OMITTED]
Central markets; all other regions lost ground for the year. Also, rates for larger presses tended to increase more than for smaller machines during the period.
At the far right of the table below, the Index column shows the relative level of machine-hour rates for each region, averaged over all press sizes. The West has consistently showed the highest rates (Index = 100) and the South Central the lowest. However, during the past four years, South Central machine-hour rates have been gradually creeping up relative to those in other regions. The same is true of the Northeast. At the same time, hourly rates of Southeastern and North Central molders have gradually declined, making them steadily more competitive.
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|Title Annotation:||machine-hour rates for custom injection molders|
|Author:||Naitove, Matthew H.|
|Date:||Oct 1, 1991|
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