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Home > President's Letter - April 06

President's Letter - April 06

Annual Dinner Draws over 525 Individuals

It was another wonderful Annual Dinner for MACNY. Over 525 individuals turned out for this important event. The theme of this year’s dinner was Innovation and Competitiveness. In keeping with this year’s theme we partnered with the CNY Innovation Expo and the New York State Mayor’s Conference, thus expanding the dinner to a daylong event. A series of seminars, workshops and displays were conducted throughout the day to highlight the importance of innovation and competitiveness in this region’s success.

It was our 93rd Annual Meeting – and it was quite an evening. As has been our tradition for many years now, we honored three individuals who were selected for MACNY’s Wall of Fame. This year’s winners Henry Beck of Tessy Plastics, Donald F Dew of Diemolding Corporation and Sam Haines of Nixon Gear. Linda Sanford, Senior Vice President of IBM and Chair of the Business Council was our invited speaker and she outlined her thoughts on innovation and competitiveness in New York State. Our Success Award winners were also honored. Two companies, Revere Copper (205 years) and Bank of America (215 years), were celebrated for their success in business over two centuries!

The Manufacturers Alliance of New York

In the coming year, MACNY will continue to take the lead in Albany and Washington in order to advance the manufacturing and business agenda. This coming year we will even go a step further in advancing the manufacturing agenda and serving manufacturers in New York State. At our Annual Dinner, we announced our intention to partner with the Council of Industry of Southeastern New York and create the Manufacturers Alliance of New York. The Manufacturers Alliance will be an organization of organizations which, as of today, will include members in 26 counties and over 450 manufacturers and businesses who serve manufacturers. We also expect to add other organizations to the Manufacturers Alliance who will advocate for real change in Albany and Washington and who want to offer our manufacturing-specific services to their members. MACNY looks forward to our partnership with the Council of Industry as we create the Manufactures Alliance of New York.

Visit our New Website at macny.org

We have completely updated and redesigned our website to better serve our members. Our site has been changed to facilitate key MACNY Business Processes, allowing members to more easily take advantage of our services. On our website you will be able to 1) learn about and sign up for services, 2) participate in surveys online, 3) get answers to key questions, 4) post member information and news on the MACNY site for review by other visitors, 5) review and sign up for our council events and open enrollment training events and 6) review important developments related to manufacturing in New York

I hope that each of you will logon to our new website and see just how we have changed it to better serve you. Also, we will be notifying you on new web services as we add them to our e-platform.

Economic Conditions for Manufacturers Continued to Improve in April

The Empire State Manufacturing Survey indicated that conditions for New York manufacturers continued to improve in April, but at a slower pace than in March. The general business conditions index fell. The new orders and shipments indexes fell significantly from their March levels but remained positive and consistent with an expansion in business activity, while the unfilled orders index dipped below zero. The delivery time index fell back close to zero after reaching a relatively high level last month. Price indexes held relatively steady and remained positive, reflecting continued increases in prices paid and prices received. Employment indexes also remained positive, an indication that employment is continuing to expand. Future activity indexes suggested that manufacturers expect conditions to improve further over the next six months.

Responding to a supplementary question in the April survey, manufacturers predicted that total compensation in their firms would rise 4 percent in the next four quarters—a percentage increase roughly matching that reported for the past year. Respondents also expected real sales (growth in sales revenue minus the change in selling prices) to expand almost 5 percent, up from 3.9 percent over the past year. These results would imply a modest decline in real unit labor costs—the cost to produce a fixed unit of output (growth in compensation minus growth in real sales). In responding to a separate question, nearly two-thirds of manufacturers reported that worker productivity had increased over the past four quarters; 85 percent expected productivity to grow in the year ahead.

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5788 Widewaters Parkway Syracuse, NY 13214 | Tel: 315-474-4201 | Fax: 315-474-0524 | Email: jlawyer@macny.org