NEWS DESK The Production Index rose to 60.3% from 56% in Novem-
ber. Ten industries reported output increases. They included petroleum and coal products, miscellaneous manufactur- ing, machinery and fabricated metal products. Six industries
reported no change. Only two industries reported a decline in production, including transportation equipment. The Employment Index reached 53.1%, an improvement
from 52.3% in November. The December result marked the third consecutive month above the 50% mark for the index. Nine industries reported job gains, including textiles, miscellaneous manu- facturing, primary metals and machin- ery. Six industries reported decreases in employment, including apparel, fabricated metal products and trans- portation equipment.
—Senior Editor Bill Koenig T
Here are the latest members to our famous quick-change modular team.
Groups Say Automo- tive Toolmakers Have Steady Utilization Rates
he Original Equipment Suppliers Association (OESA) and Harbour Results, Inc. (HRI) completed their Automotive Tooling Barometer con- taining data from the third and fourth quarters of 2016.
Magnet module
Morse taper
Face driver
We have all heard the phrase WORK SMARTER, NOT HARDER. Makes sense, right?
After a slow start to the year, the industry moved in a positive direction, as utilization rates remained stable for die (82%) and mold (76%) toolmakers in the fourth quarter, a sharp difference from a year earlier. However, overall work “on hold” in-
In times of economic uncertainty, it’s SMART to maximize the
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1.800.281.5734 Germantown, WI USA
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AdvancedManufacturing.org | February 2017
creased by two percentage points since June and HRI estimated the industry’s work “on hold” impact in the third quar- ter to be around $1.8 billion, an increase of about $200 million since June. Tool shops expressed a positive outlook about their business for the next 12 months. Since 2015, the tool- ing sentiment index has increased from 66 to 78, improving by 18%. Addition- ally, more die shops (58%) compared to mold shops (38%) are very optimistic about the future state of the industry. This is driven by the high number of
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