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11/24/2014

Uptick in Hourly Rates in First Half of 2014

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Mold orders and optimism are strong, though capacity utilization is slightly lower.

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Our index of custom injection molders’ machine-hour rates rose 0.6% for the first half of the year. That’s much smaller than the 1.6% increase for the second half of 2013. Responses from 85 plants nationwide indicate that 22% of plants raised their rates, 8% lowered them, and 69% left them unchanged.

At 56.4%, custom injection molders’ average capacity utilization in the first half dropped 1.1 points from the previous six-month period. Still 42% of respondents saw higher utilization, while 19% had lower utilization, and 33% were unchanged. The ratio of higher to lower utilization was the highest since mid-2011.

Mold orders  were up 5.2%, again the highest increase since the first half of 2011. Molders were optimistic about near-term business conditions. Over 64% expected improving conditions (down slightly from the previous survey), 22% saw no change ahead, while 11% foresaw worsening conditions (a bit more than previously).

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We’d rather send you $15 than rely on our crystal ball…

It’s Capital Spending Survey season and the manufacturing industry is counting on you to participate! Odds are that you received our 5-minute Plastics survey from Plastics Technology in your mail or email. Fill it out and we’ll email you $15 to exchange for your choice of gift card or charitable donation. Are you in the U.S. and not sure you received the survey? Contact us to access it.

Help us inform the industry and everybody benefits.

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