Shipments of industrial control equipment contracted again during 2Q 2009, as NEMA’s Primary Industrial Controls Index fell 6.5% versus the first three months of this year. Although NEMA said that this represents a much slower rate of decline than the first quarter’s 23% drop, NEMA said that shipments have declined nearly 40% from their cyclical peak and are at their lowest level in 18 years. On a year-over-year basis, the index posted its second consecutive record drop as it shed 35.4% versus 2Q 2008. The Primary Industrial Controls and Adjustable Speed Drives Index, a broader measure of demand for industrial controls, registered a 4.9% decline compared to the first three months of 2009, while shrinking more than one third versus the same period a year ago.
NEMA added that replacement demand for industrial controls and other similar types of equipment will be weak even once production activity resumes within the United States.
to Daily News