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business pastime Index at 57.3%; New Orders Index at 54.3%; Employment Index at fifty six.three% TEMPE, Ariz., Jan. 5, 2018 /PRNewswire/ -- financial pastime in the non-manufacturing sector grew in December for the 96th consecutive month, say the nation's paying for and supply executives within the latest Non-Manufacturing ISM® document On enterprise®. The file turned into issued nowadays by way of Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for provide management [® ] (ISM [®] ) Non-Manufacturing company Survey Committee: "The NMI [®] registered 55.9 %, which is 1.5 percentage features lessen than the November analyzing of 57.4 %. This represents persisted growth in the non-manufacturing sector at a slower fee. The Non-Manufacturing enterprise pastime Index lowered to 57.3 percent, 4.1 percentage aspects reduce than the November studying of sixty one.four %, reflecting boom for the a hundred and first consecutive month, at a slower rate in December. the new Orders Index registered 54.three p.c, 4.4 percentage aspects reduce than the analyzing of 58.7 percent in November. The Employment Index elevated 1 percentage aspect in December to 56.3 % from the November studying of 55.3 %. The expenses Index accelerated with the aid of 0.1 percent factor from the November reading of 60.7 percent to 60.eight %, indicating that prices extended in December for the seventh consecutive month. according to the NMI®, 14 non-manufacturing industries reported increase. there has been a 2d consecutive month of pullback in the cost of increase. common, the majority of respondents' comments indicate that they entire the year on a positive word. They also indicate optimism for enterprise situations and the financial outlook going forward."
business performance The 14 non-manufacturing industries reporting growth in December — listed in order — are: Retail change; Utilities; Arts, amusement & pastime; other services; health Care & Social tips; lodging & meals services; Finance & coverage; precise estate, condominium & Leasing; Transportation & Warehousing; Mining; construction; Wholesale change; Public Administration; and professional, Scientific & Technical functions. The three industries reporting contraction in December are: assistance; academic features; and administration of corporations & aid features.
WHAT RESPONDENTS ARE asserting…
ISM® NON-MANUFACTURING SURVEY results AT a look
evaluation OF ISM® NON-MANUFACTURING AND ISM® MANUFACTURING SURVEYS*
turning out to be
a hundred and one
turning out to be
a hundred and one
Backlog of Orders
From starting to be
New Export Orders
growing to be
normal EconomyNon-Manufacturing Sector
starting to be
*Non-Manufacturing ISM® report On enterprise® information is seasonally adjusted for the company activity, New Orders, expenditures and Employment Indexes. Manufacturing ISM® record On business® information is seasonally adjusted for new Orders, construction, Employment and organisation Deliveries.
**number of months relocating in present direction.
COMMODITIES mentioned UP/DOWN IN rate, AND briefly give
Commodities Up in expense Beaverbrook; Copper items (5); #1 Diesel gasoline (7); #2 Diesel gas (5); Eggs; fuel* (5); Labor — building (10); Lumber items* (6); natural gasoline (2); Paper (2); PVC products; Resin; steel items (three); and Tomatoes.
Commodities Down in price gas*; and Lumber items*.
Commodities in brief deliver building Contractors; Groundwood (2); IV solutions (5); Labor (5); Labor — development (21); and Labor — temporary (4); Lumber products; and Transportation features.
observe: The number of consecutive months the commodity is listed is indicated after each item. *suggests both up and down in rate.
DECEMBER 2017 NON-MANUFACTURING INDEX SUMMARIES
NMI [®] In December, the NMI [®] registered 55.9 %, 1.5 percentage facets decrease than the fifty seven.4 % registered in November, indicating continued boom within the non-manufacturing sector for the 96th consecutive month. A reading above 50 % suggests the non-manufacturing sector economic climate is frequently expanding; beneath 50 p.c indicates the non-manufacturing sector is generally contracting.
An NMI [® ] above forty eight.9 %, over a period of time, frequently shows an expansion of the universal economy. for this reason, the December NMI [®] shows boom for the a hundred and first consecutive month in the usual financial system, and suggests growth in the non-manufacturing sector for the 96th consecutive month. Nieves says, "The previous relationship between the NMI [®] and the standard financial system shows that the NMI [®] for December (fifty five.9 p.c) corresponds to a 2.7 percent enhance in real gross home product (GDP) on an annualized foundation."
NMI [®] heritage
regular for 12 months – fifty seven.0
high – 60.1
Low – fifty three.9
company activity ISM [®] 's company endeavor Index registered 57.three p.c in December, a lessen of 4.1 percent aspects from the November studying of sixty one.4 p.c. This represents increase in business exercise for the 101st consecutive month. Ten industries pronounced accelerated enterprise undertaking and 7 industries pronounced lowered recreation for the month of December. feedback from respondents consist of: "financial outlook encouraging" and "Seasonal demand increasing due to the vacations."
the 10 industries reporting growth of enterprise endeavor in December — listed in order — are: Utilities; Retail exchange; Arts, amusement & endeavor; different services; fitness Care & Social advice; accommodation & meals services; Transportation & Warehousing; Finance & coverage; actual property, rental & Leasing; and Public Administration. The seven industries reporting a decrease in company exercise in December — listed in order — are: academic features; information; Mining; administration of companies & aid features; Wholesale trade; knowledgeable, Scientific & Technical features; and development.
New OrdersISM [®] 's Non-Manufacturing New Orders Index registered 54.3 %, a reduce of four.four percentage aspects from the November studying of fifty eight.7 p.c. December represents boom in new orders for the a hundred and first consecutive month, at a slower rate compared with November. feedback from respondents consist of: "We continue so as to add new enterprise with existing purchasers and add new shoppers" and "end-of-yr spending."
The nine industries reporting boom of latest orders in December — listed in order — are: Retail alternate; Finance & assurance; health Care & Social assistance; Utilities; different services; real property, condo & Leasing; Transportation & Warehousing; lodging & food capabilities; and construction. The seven industries reporting a decrease in company undertaking in December — listed so as — are: tutorial capabilities; management of companies & aid features; information; Public Administration; Wholesale exchange; professional, Scientific & Technical services; and Mining.
Employment Employment undertaking in the non-manufacturing sector grew in December for the forty sixth consecutive month. ISM [®] 's Non-Manufacturing Employment Index registered 56.3 percent, which reflects an increase of 1 percent factor when in comparison to the November reading of 55.3 percent. Twelve industries mentioned multiplied employment and three industries stated lowered employment. comments from respondents consist of: "New growth is causing new work and worker increase" and "New hiring initiatives."
The 12 industries reporting an increase in employment in December — listed so as — are: tutorial functions; Arts, entertainment & recreation; Retail trade; different features; administration of businesses & help features; Public Administration; construction; accommodation & meals functions; Finance & insurance; health Care & Social assistance; Wholesale alternate; and precise property, rental & Leasing. The three industries reporting a discount in employment in December are: guidance; professional, Scientific & Technical capabilities; and Mining.
enterprise Deliveries organization deliveries had been slower in December for the twenty fourth consecutive month. The index registered fifty five.5 p.c, which is 1.5 percent aspects higher than the 54 % that became registered in November. A studying above 50 % shows slower deliveries, whereas a analyzing under 50 percent indicates faster deliveries. feedback from respondents encompass: "greater non-inventory gadgets being added" and "holiday periods lengthen deliveries."
The eight industries reporting slower deliveries in December — listed so as — are: Mining; Wholesale trade; professional, Scientific & Technical services; lodging & food capabilities; health Care & Social tips; Public Administration; construction; and Finance & coverage. The 4 industries reporting sooner deliveries in December are: Retail exchange; other services; counsel; and administration of companies & assist capabilities. Six industries reported no exchange in organization deliveries in December in comparison to November.
Inventories ISM [®] 's Non-Manufacturing Inventories Index grew in December for the ninth consecutive month and registered fifty three.5 percent, 1 percentage aspect decrease than the 54.5 % that was suggested in November. Of the total respondents in December, 30 p.c indicated they wouldn't have inventories or do not measure them. feedback from respondents include: "adding products to stock" and "better to aid increased income."
The seven industries reporting a rise in inventories in December — listed so as — are: Retail alternate; Wholesale exchange; real estate, condo & Leasing; other capabilities; Public Administration; Finance & coverage; and lodging & meals services. The four industries reporting decreases in inventories in December are: skilled, Scientific & Technical capabilities; Utilities; construction; and guidance.
costs expenses paid with the aid of non-manufacturing businesses for purchased materials and features multiplied in December for the seventh consecutive month. ISM [®] 's Non-Manufacturing fees Index registered 60.eight percent, 0.1 percent element larger than the 60.7 percent said in November. Twenty-one % of respondents reported bigger fees, seventy two % indicated no change in costs paid and 7 p.c of respondents reported lower expenditures.
The 13 non-manufacturing industries reporting a rise in expenditures paid right through the month of December — listed in order — are: Agriculture, Forestry, Fishing & searching; Wholesale alternate; management of agencies & guide capabilities; other features; lodging & meals capabilities; construction; fitness Care & Social counsel; Mining; Transportation & Warehousing; Finance & insurance; information; knowledgeable, Scientific & Technical capabilities; and Public Administration. No business said a reduce in expenses paid during the month of December.
word: Commodities pronounced as up in expense and down in expense are listed within the commodities component to this document.
Backlog of Orders ISM [®] 's Non-Manufacturing Backlog of Orders Index suggests that order backlogs have been unchanged in December. The index registered 50 p.c, which is 1.5 percent facets decrease than the fifty one.5 p.c pronounced in November. Of the total respondents in December, 34 p.c indicated they do not measure backlog of orders.
The eight industries reporting an increase so as backlogs in December — listed so as — are: Utilities; administration of groups & support capabilities; accommodation & meals services; development; Transportation & Warehousing; Finance & assurance; Wholesale exchange; and skilled, Scientific & Technical features. The 5 industries reporting a lessen in order backlogs in December are: tips; health Care & Social information; different functions; Mining; and Retail alternate.
Backlog of Orders
New Export Orders Orders and requests for services and other non-manufacturing actions to be provided outdoor of the U.S. by means of domestically based personnel grew in December for the 11th consecutive month at a slower fee. the new Export Orders Index registered fifty six.5 %, which is 0.5 percentage factor lessen than the 57 percent said in November. Of the overall respondents in December, sixty four % indicated they either do not operate, or don't one at a time measure, orders for work backyard of the U.S.
the ten industries reporting an increase in new export orders in December — listed so as — are: building; Mining; Retail change; Finance & insurance; different features; actual estate, rental & Leasing; Transportation & Warehousing; skilled, Scientific & Technical functions; tips; and lodging & food features. No trade reported a decrease in exports. Six industries stated no change in December compared to November.
New Export Orders
Imports The Imports Index reading of fifty two.5 % is the same as what became suggested in November. Fifty-one p.c of respondents mentioned that they do not use, or do not tune the use of, imported substances.
The 5 industries reporting an increase in imports for the month of December are: development; Retail change; Transportation & Warehousing; accommodation & food functions; and Wholesale alternate. the two industries reporting a reduce in imports in the month of December are: tips; and professional, Scientific & Technical capabilities. 9 industries stated no alternate in December in comparison to November.
inventory Sentiment The ISM [®] Non-Manufacturing inventory Sentiment Index in December registered sixty two.5 p.c, which is 6.5 percent features higher than the studying of fifty six p.c pronounced in November. This shows that respondents trust their inventories are nonetheless too excessive at this time. In December, 29 p.c of respondents pointed out their inventories were too high, four percent of the respondents pointed out their inventories were too low, and sixty seven p.c noted their inventories have been about right.
The eleven industries reporting a feeling that their inventories have been too excessive in December — listed so as — are: Mining; information; Utilities; true estate, condominium & Leasing; Finance & coverage; Wholesale exchange; building; Retail exchange; other functions; Public Administration; and professional, Scientific & Technical services. The most effective industry reporting a feeling that its inventories have been too low in December in comparison with November is health Care & Social information.
About This record don't CONFUSE THIS countrywide record with the various regional paying for studies launched throughout the nation. The countrywide file's tips reflects the total U.S., whereas the regional reports contain essentially regional statistics from their local vicinities. additionally, the counsel within the regional reviews is not used in calculating the effects of the country wide record. The suggestions compiled during this document is for the month of December 2017.
The information offered herein is obtained from a survey of non-manufacturing supply executives in line with tips they have amassed inside their respective businesses. ISM [®] makes no representation, other than that cited inside this liberate, involving the individual company information collection strategies. The records should still be in comparison to all other economic information sources when utilized in choice-making.
statistics and components of Presentation The Non-Manufacturing ISM® record On enterprise® is according to information compiled from paying for and provide executives nationwide. Membership of the Non-Manufacturing company Survey Committee is diverse by using NAICS, in response to each and every trade's contribution to gross domestic product (GDP). The Non-Manufacturing business Survey Committee responses are divided into here NAICS code classes: Agriculture, Forestry, Fishing & hunting; Mining; Utilities; construction; Wholesale change; Retail trade; Transportation & Warehousing; tips; Finance & insurance; real property, apartment & Leasing; expert, Scientific & Technical functions; management of groups & assist functions; educational capabilities; fitness Care & Social assistance; Arts, leisure & endeavor; accommodation & food features; Public Administration; and different functions (features equivalent to gadget & equipment Repairing; merchandising or Administering religious activities; Grantmaking; Advocacy; and offering Dry-cleaning & Laundry functions, personal Care functions, death Care services, Pet Care capabilities, Photofinishing services, brief Parking features, and courting capabilities).
Survey responses replicate the change, if any, in the current month compared to the previous month. For each and every of the warning signs measured (company exercise, New Orders, Backlog of Orders, New Export Orders, stock alternate, stock Sentiment, Imports, prices, Employment and company Deliveries), this document shows the percentage reporting each response and the diffusion index. Responses signify uncooked data and are never changed. facts is seasonally adjusted for enterprise exercise, New Orders, fees and Employment. All seasonal adjustment elements are field yearly to particularly minor changes when circumstances warrant them. The remaining indexes haven't indicated enormous seasonality.
The NMI [®] (Non-Manufacturing Index) is a composite index in keeping with the diffusion indexes for four of the symptoms with equal weights: company activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and corporation Deliveries. Diffusion indexes have the homes of leading indicators and are handy abstract measures displaying the prevailing direction of alternate and the scope of exchange. An index reading above 50 p.c suggests that the non-manufacturing economic system is commonly expanding; under 50 p.c shows that it's commonly declining. business enterprise Deliveries is an exception. A enterprise Deliveries Index above 50 % indicates slower deliveries and below 50 percent indicates sooner deliveries.
An NMI [® ] above forty eight.9 percent, over a period of time, shows that the normal economic system, or gross home product (GDP), is commonly expanding; under forty eight.9 percent, it's frequently declining. the space from 50 percent or 48.9 percent is indicative of the energy of the growth or decline.
The Non-Manufacturing ISM® record On business® survey is distributed out to Non-Manufacturing enterprise Survey Committee respondents the first a part of each month. Respondents are requested to simplest report on tips for the current month. ISM [®] receives survey responses all through most of any given month, with nearly all of respondents commonly waiting unless late in the month to publish responses in order to provide the most correct picture of present business activity. ISM [®] then compiles the file for unlock on the third company day of the following month.
The industries reporting growth, as indicated in the Non-Manufacturing ISM® report On company® monthly report, are listed within the order of most boom to least boom. For the industries reporting contraction or decreases, these are listed in the order of the highest level of contraction/decrease to the least degree of contraction/lower.
ISM ROB content The Institute for deliver administration [®] ("ISM") document On company [®] (both Manufacturing and Non-Manufacturing) ("ISM ROB") contains assistance, text, data, photos, video, sounds, musical works, works of authorship, functions, and any other substances or content (at the same time, "content") of ISM ("ISM ROB content"). ISM ROB content is protected via copyright, trademark, change secret, and other legal guidelines, and as between you and ISM, ISM owns and retains all rights within the ISM ROB content material. ISM hereby supplies you a restrained, revocable, nonsublicensable license to entry and reveal for your individual device the ISM ROB content material (except for any software code) solely on your very own, non-commercial use. The ISM ROB content shall also include content material of clients and other ISM licensors. apart from as provided herein or as explicitly allowed in writing by way of ISM, you shall now not replica, down load, flow, trap, reproduce, replica, archive, add, alter, translate, post, broadcast, transmit, retransmit, distribute, perform, screen, sell, or in any other case use any ISM ROB content material.
apart from as explicitly and expressly permitted with the aid of ISM, you are strictly prohibited from developing works or substances (together with, however not confined to: tables, charts, datastreams, timeseries variables, fonts, icons, link buttons, wallpaper, laptop subject matters, online postcards, montages, mash-americaand identical videos, greeting playing cards, and unlicensed merchandise) that derive from or are in accordance with the ISM ROB content. This prohibition applies in spite of even if the spinoff works or materials are bought, bartered, or given away. You shall no longer either directly or by using any machine, utility, information superhighway web site, net-based mostly service, or different ability eliminate, alter, pass, keep away from, intrude with, or sidestep any copyright, trademark, or other proprietary notices marked on the content or any digital rights management mechanism, gadget, or different content insurance policy or entry control measure linked to the content together with geo-filtering mechanisms. without prior written authorization from ISM, you shall no longer construct a enterprise utilizing the content material, no matter if or no longer for earnings.
You shall no longer create, recreate, distribute, comprise in different work, or advertise an index of any element of the content unless you acquire prior written authorization from ISM. Requests for permission to breed or distribute ISM ROB content material can be made by way of contacting in writing at: ISM analysis, Institute for provide administration, 309 W. Elliot road, Suite 113, Tempe, AZ 85284-1556, or through emailing firstname.lastname@example.org; field: content material Request.
ISM shall now not have any legal responsibility, obligation, or duty for or relating to the ISM ROB content or different tips contained herein, any errors, inaccuracies, omissions or delays in offering any ISM ROB content, or for any moves taken in reliance thereon. In no experience shall ISM be answerable for any special, incidental, or consequential damages, bobbing up out of using the ISM ROB. report On company [®] , PMI [®] , and NMI [®] are registered emblems of Institute for give management [®] . Institute for give administration [®] and ISM [®] are registered trademarks of Institute for supply management, Inc.
About Institute for supply administration® Institute for supply administration [®] (ISM [®] ) serves deliver management gurus in additional than 90 countries. Its 50,000 contributors around the world control about US$1 trillion in corporate and govt provide chain procurement yearly. headquartered in 1915 as the first give management institute in the world, ISM is committed to advancing the follow of give management to drive price and aggressive advantage for its participants, contributing to a affluent and sustainable world. ISM leads the occupation through the ISM report On enterprise [®] , its highly viewed certification programs and the ISM Mastery mannequin [®] . This report has been issued via the association since 1931, other than a 4-year interruption all the way through World struggle II.
the full text version of the Non-Manufacturing ISM® report On business® is posted on ISM [®] 's web page at www.ismrob.org on the third company day* of every month after 10:00 a.m. ET.
The next Non-Manufacturing ISM® file On company® featuring the January 2018 facts might be released at 10:00 a.m. ET on Monday, February 5, 2018.
*until the NYSE is closed.
document On company® Analyst
ISM®, ROB/research manager
e mail: email@example.com
View fashioned content material with multimedia:http://www.prnewswire.com/news-releases/nmi-at-559-december-non-manufacturing-ism-report-on-enterprise-300577900.html
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With each the Institute for deliver administration’s (ISM) Manufacturing record on company and Non-Manufacturing report on business showing powerful increase for 23 and 17 months, respectively, it became now not surprising that the ISM’s Semiannual financial Forecast aspect to persisted financial growth throughout the rest of the year.
The record, which changed into launched this week, is according to comments from U.S.-based purchasing and supply executives.
For manufacturing facet, the document observed that manufacturing revenues are anticipated to increase 7.5 percent in 2011, with capital investment heading up 17.9 %, and capacity utilization up eighty three.2 %.
different top notch manufacturing metrics gleaned from the report protected: expenditures are anticipated to boost 7.four p.c for all of 2011 and an anticipated 1.three % for the the rest of the year; production potential is anticipated to rise by means of 8.1 %, and manufacturing employment is slated to upward thrust 2.9 % in the course of the end of 2011.
“The story continues with manufacturing in the kind of endured growth and four months of 60-plus PMI [the index used by the ISM to measure the manufacturing sector; an index over 50 indicates growth is occurring],” referred to Norbert J. Ore, CPSM, C.P.M., chair of the ISM Manufacturing company Survey Committee, in an interview. “This forecast solidifies how manufacturing is doing well and should continue to see significant growth for the balance of the year. i'm not sure it may be as notable because the boom we have viewed within the first four months of the year, but it is a level that is very intricate to retain.”
Ore mentioned the predicted eight.1 % profit in creation capability shows that manufacturers are willing to expand and do some issues which are high quality via productiveness good points, with the working cost relocating from seventy two.eight p.c in April 2010 to eighty three.2 % today, which Ore described as a extremely enormous leap.
The ISM’s 83.2 operating expense is such as the Federal government’s seventy five p.c reading, said Ore. different encouraging signs include projected raises in capital bills, which he referred to displays self belief in the business sector and good points in typical growth through capital expenses.
The basic poor point in the manufacturing sector is at once related to pricing pressure, in accordance with Ore, as agents have a lot of pricing vigor in tandem with high working levels and adequate demand.
On the non-manufacturing facet, revenues are projected to increase 2.1 p.c in 2011, with capital investment and skill utilization pegged at 1.four p.c and eighty three.7 percent, respectively.
Non-manufacturing production capacity is slated to increase by using 2 percent this 12 months, and costs paid are anticipated to head up four.7 percent in 2011, and employment is being forecasted at a 0.9 p.c increase fee.
“Non-manufacturing is a bit of of a special graphic,” talked about Tony Nieves, chair of the ISM’s Non-Manufacturing enterprise Survey Committee. “we are seeing slow boom and not some as large of increases because the manufacturing sector is. The operating price from last 12 months has been regular, and that goes returned to it being a really labor-intensive sector and doing extra with much less for such an extended length of time as non-manufacturers provide managers and their businesses try to do issues as most advantageous as they could.”
while production skill is just anticipating a 2 % gain, non-manufacturing capital expenses light in evaluation to the huge upswing on the manufacturing side, which Nieves and Ore spoke of is a company confidence subject, as non-manufacturing agencies are holding an in depth eye on their charges.
most likely the most unsurprising element of the non-manufacturing outlook become the 0.9 percent prediction for employment. Nieves talked about it features to the theme of a jobless recovery in an trade that depends closely on labor, and he talked about it has been an anchor on non-manufacturing boom, too.
may also 20, 2011
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LONDON, March 19, 2019 /PRNewswire/ -- About this marketIn-car personalization experience enhances customer satisfaction without compromising on vehicle safety and quality. A vehicle owner makes purchasing choices that reflect one's character and style statement. Regulatory norms prohibit any major modification in vehicle structure, but an all-featured center console on the fingertips enhances the premium appeal of a cabin's ergonomics to create an advantage in the market. The increasing safety and comfort features in modern vehicles find a place in the vehicle's cockpit which acts as a direct point of interaction between the driver and the vehicle. Cockpit modules, therefore, integrate these additional systems in a compact and neat manner to give a premium appeal to vehicle interiors. Analysts have predicted that the automotive cockpit module market will register a CAGR of over 5% by 2023.
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Market OverviewAdoption of advanced human- machine interfaces (HMI) in mass segment vehiclesThe cockpit is one of the most important interior applications in a vehicle as it offers crucial control points to the driver. Vehicle manufacturers have been integrating automation with automotive cockpits to enhance utility and driver comfort. Electrification is driving technological developments in vehicle cockpits, and this will benefit the global automotive cockpit module market during the forecast period.Increasing cost pressures on automotive OEMsSuppliers are under con a pressure to reduce the weight of automotive interior components during the manufacturing process. Manufacturers prefer lightweight automotive interiors to enhance the fuel efficiency of vehicles. However, making interior components lightweight require high-cost materials as inputs, which raises production costs substantially.For the detailed list of factors that will drive and challenge the growth of the automotive cockpit module market during the 2019-2023, view our report.
Competitive LandscapeThe market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
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The Indian government is considering the ban in response to complaints about China Sunergy allegedly defaulting on PV module shipments to project developers Acme Solar, RattanIndia and Refex Energy. Last year, German EPC specialist Goldbeck Solar reported a similar experience with the Chinese supplier.March 29, 2019Uma Gupta
The Indian government plans to blacklist PV module supplier China Sunergy (CSUN) over claims that it failed to meet its contractual obligations with Indian project developers.
“We will soon issue an advisory to people not to buy from them,” Anand Kumar, secretary of India’s Ministry of New and Renewable Energy (MNRE), told The Economic Times this week. The ministry also plans to prepare a list of approved suppliers to shield Indian companies from the risk of dealing with unreliable companies, he said.
The move comes after Indian solar project developers Acme Solar, RattanIndia and Refex Energy complained to the ministry that CSUN had failed to honor its PV module supply contracts with them. Acme Solar had signed a PV module supply deal with CSUN for an aggregate capacity of 30 MW. It paid an advance of $2.95 million, which was about 30% of the purchase price, or equal to the cost of 9 MW of equipment. CSUN failed to deliver 9 MW of modules by the agreed deadline, and did not return the advance either, according to The Economic Times.
CSUN, which has a module production capacity of 1.2 GW, also allegedly defaulted on a 40 MW module supply order placed by Refex Energy, and did not return the $1.12 million advance, either. In addition, Yarrow Infrastructure — part of the RattanIndia Group — claimed that it only received 2.77 MW of a 20 MW module supply deal with CSUN, the newspaper added.
India’s aggressive solar target of 100 GW by 2022 has driven the popularity of cheaper Chinese PV modules. In fiscal 2018 alone, around 9.8 GW of modules were imported, accounting for to 85% of India’s total demand.
Last year, Monika Leiner — purchasing manager for German EPC specialist Goldbeck Solar — spoke out about a module supply deal the company signed with CSUN in 2017. At the time, Goldbeck Solar claimed that it hadn’t receive a single module, and was only refunded a fraction of the paid deposit.
As China does not have a disputes resolution process that corresponds to the European model, it is unclear whether the rest of the deposit will ever be reimbursed. Only after immense pressure did the Chinese company even acknowledge the existence of the financial claim, Goldbeck Solar has claimed.
Until recently, experimenting with AI-driven robots has been limited to those with substantial training and resources. Nvidia has done as much as any other company to change that. Its latest effort is the new Jetson Nano developer kit. Built around a 128-core Maxwell GPU and quad-core ARM A57 CPU running at 1.43 GHz and coupled with 4GB of LPDDR4 memory, the Nano developer kit packs a rich set of I/O capabilities through the included carrier card.
The kit natively supports Ubuntu, which can easily be configured using Nvidia’s JetPack software. The developer kit moniker is a bit misleading, I think, because the kit is really just the module and carrier board (well, and an origami paper holder to prop it up), and doesn’t even include any accessories like a camera. But at $99 there is still plenty of value packed into it. Of course, you can also get all the software you need to do quite a bit with it for free. So I couldn’t resist plunking down my $108 (with tax) to snag one of the first available at Nvidia’s San Jose GTC. I’ve started to work with it, so I can share my experience with you.What You Get With Nvidia’s Jetson Nano
In addition to the Jetson Nano module itself, there’s a well-thought-out carrier board. For ports, it has four USB 3.0 ports, HDMI, DisplayPort, an M.2 slot hidden under the Nano daughter card that can be used for a Wi-Fi/BT card or possibly other cards, as well as a 40-pin GPIO connector and a CSI connector for IMX291 or similar cameras. There are a few sets of jumpers to allow some configuration flexibility, and of course the needed microSD slot for your system “drive.” The integrated passive heat sink has mounting points for a fan if needed. There is a header provided for fan power and control as well. You can also power it by providing a 4-amp, 5-volt DC power adapter if you need more power for peripherals.
JetPack, Nvidia’s free software stack for Jetson developers, supports the Nano as of release 4.2 and comes packed with lots of AI goodies including TensorRT, cuDNN, VisionWorks, and OpenCV. Nvidia benchmarks the Nano at 472 GFLOPS of compute performance while consuming as little as 5 watts. By default the module ships in 10-watt mode.Getting Started With a Jetson Nano
Because the Nano is just a board, you’ll need to provide your own USB mouse and keyboard (the board doesn’t have native Wi-Fi or Bluetooth support), as well as a monitor that supports either HDMI or DisplayPort. A 16GB or larger microSD card is also needed for the system image and as your system drive. Nvidia recommends a UHS-I or better performing version because you’ll be working from it. Finally, a good quality (2-amp or better) 5-watt micro USB power supply is needed to get you started; you can use a dedicated 5v power supply to power the system with up to 20 watts if needed for accessories.
Writing the JetPack system image to a microSD card is trivial with a Linux, Mac, or Windows computer. I suspect many existing tools will work, but Nvidia provides links to a free card formatter and a free image writer that I used. It took about 10 minutes to write the image to my 16GB 633x microSD card, although the system image is nearly 13GB, so after using the system for a bit I moved to a 64GB Sandisk Extreme Pro card. After creating my system image, I plugged in the keyboard, mouse, and monitor, stashed the card into the sort-of-hard-to-see slot underneath the board and plugged in an old, but high-quality, 2A Samsung phone charger and cable. The Nano booted right away into a full Ubuntu desktop.
Plugging in an Ethernet cable had me on the network instantly, so I was able to check for package updates and browse Nvidia’s Getting Started and other Tutorial pages directly from the Nano. However, the Nano is unlikely to replace your current PC as a daily driver. As you might expect, it’s noticeably slow navigating web pages compared with a full-fledged laptop or desktop.Hello AI World
In the now-traditional paean to Dennis Ritchie’s “hello, world” C program, Nvidia provides a basic AI tutorial in the form of a “Hello AI World” program. It does simple inferencing using a pre-trained neural network (AlexNet and GoogleNet are downloaded by default). By itself, it isn’t any more sophisticated than what you could do in a similar amount of time (typically a couple hours) by following any of the dozens of basic image recognition tutorials on a PC. The machine is also a lot slower, so if you simply want to learn about AI software you’re probably better off doing it on your desktop or laptop. However, using the Nano gets you acquainted with several of the components of the JetPack toolset, and working with the Nano itself, as preparation for more sophisticated hardware-related projects.
All the steps in the tutorial were easy to follow and worked correctly in my tests. However, when it came time to actually run the inferencing engine to identify the sample image of an Orange, I thought the machine had hung. I was also browsing the tutorial information on Nano, so I’m sure having a few Chromium tabs open didn’t help my available memory situation, but it certainly would have been nice to have some interactive feedback during the time-consuming model loading process. [UPDATE: Nvidia is definitely paying attention. Within minutes of our posting this, they were checking in updated help text that gives users a heads up about the long initial model load time. Kudos Nvidia!]
Unfortunately, because the Nano kit doesn’t include a camera, you can’t move to the fun part of the demo — identifying objects from the world around you — until you purchase one. I added a Raspberry Piv2 camera module, one of those supported by the Nano. Without a camera, you can still write your own recognition code and run it against the sample images, but this is still in the category of things easier done on a full PC. Adding the camera let me run the various included recognition demos. In general, they worked correctly, although until I upgraded the power supply to a 4-amp model, sometimes the system would mysteriously shut off. If you do purchase the Raspberry Pi Camera module, note that the lens requires manual focusing by twisting using either an included plastic tool or carefully with very small pliers.Next Step: JetBot
By itself, even with the addition of a camera or two, the Nano isn’t super exciting. After all, you can run all the same code on any decent system with a GPU and a webcam. Where it gets interesting is when you build a Jetson into something. To bootstrap this process, Nvidia has created JetBot, an open-source robot kit. It’s a wheeled bot with cameras that can be remotely driven or programmed. The Bill of Materials for the kit is fairly extensive and requires ordering from several vendors, as well as including several parts that need to be 3D printed. Fortunately, there are links for ordering and for the model files needed for printing. However, several of the parts are out of stock at the listed vendors, so it may take a little while to get to a completed JetBot. I’m in the middle of the process, so stay tuned for my further adventures once I get a JetBot up and running.
In addition to various projects using a JetBot, I’m sure we’ll start to see quite a number of other open source efforts built around the Jetson Nano. One that appeals to me is creating an open-source alternative to the proprietary security cameras on the market. It should be possible to do most of the monitoring and recognition that subscription-based cameras do except on your own.
You can pre-order the Jetson Nano for $99 from various online retailers including Adafruit. Since Nvidia was selling them at GTC, they obviously exist already, and they are starting to show up as in stock at online retailers. There will also be a product-ready commercial version of the Nano with slightly better specs that business can purchase in bulk for $129.
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