The impact of Hurricane Ida continued to be a drag on industrial production in September, accounting for a significant drop not only in mining but also in manufacturing output. Overall industrial production fell by 1.3% in September compared to August, with 0.6 percentage points of the drop resulting from the impact of the hurricane, according to a ... READ MORE >
Industrials
Manufacturers of all stripes dominate the middle market, making everything from scanners to seatbelts. They create inputs for larger, well-known brands, producing colorants in foods, materials for construction, components for motorcycles and much more.
This week in energy: Global shortage, Canada fossil fuels, Northam conference hot topics
In this week's energy industry analysis, we take a look at the continuing global energy crunch, what the increased demand for fossil fuels means for Canada, and highlights from the Northam Energy Capital Assembly conference. Here's the latest. 1. Energy shortage The global energy crunch continued this week and attention turned to China, whose ... READ MORE >
Canada manufacturing sales hit new high amid rising energy demand
Canada’s manufacturing sales increased by 0.5% to CA$60.3 billion in August, their highest level on record, according to data released by Statistics Canada on Thursday. This growth was mainly driven by high energy demand and prices. August marked the first month of all provinces lifting most COVID-19 restrictions, as the country’s vaccination rate ... READ MORE >
China reacts to energy crunch with coal price reform
The global energy crunch continues, marked by surging commodity prices and building speculation around supply. This week, eyes are on China—the world’s largest exporter of goods—as the country grapples with ongoing shortages and their ripple effect across the nation’s economy and key commodities, especially metals crucial in the manufacturing sector. The ... READ MORE >
Strong demand boosted manufacturing growth as PMI reached a four-month high
The headline manufacturing Purchasing Managers’ Index increased by 1.2 percentage points in September, to 61.1%, continuing to indicate overall expansion of the manufacturing sector. The increase in the overall index, the 16th in a row dating to April 2020, was driven by upticks in prices paid and in supplier delivery components, which rose by 1.8 and ... READ MORE >
3 things to know in energy: Surging prices, Permian Basin shifts, Canada’s election
In this week's energy industry analysis, we look at the crunch caused by surging prices and decreased supply, how shifting assets in the Permian Basin might affect the industry, and what the results of Canada's federal election might mean for energy policy. Here’s the latest: 1. Energy shortage and soaring prices threaten growth Natural gas prices are ... READ MORE >
Natural gas shortage and soaring prices threaten economic growth
Soaring natural gas prices point to an energy shortage across the globe, from the United States to Europe and China. The crunch has the potential to turn into a crisis if not managed, and has already caused industrial and residential power outages, threatened economic growth and jeopardized climate goals. Natural gas prices are rallying around the ... READ MORE >
Global manufacturing activity and delta-induced supply chain disruptions
Rising costs and supply chain constraints continue to disrupt U.S. manufacturing activity and may worsen as the world’s factory floors brace for more shutdowns linked to the spread of the coronavirus delta variant. Even U.S. companies that do not have operations in other countries can expect to feel the strain, considering they likely have global suppliers ... READ MORE >
RSM US Manufacturing Outlook Index: Still expansionary, but slipping from its peak
This has been a durables-led recovery, with employment in the manufacturing sector back to 97% of its pre-pandemic levels. But after a year of rapid growth, there are signs that the buoyancy among manufacturers is ebbing. The RSM US Manufacturing Outlook Index, while still elevated, declined in August after peaking in July. Orders for durable goods ... READ MORE >
Lack of inventory dampening auto sales
Supply chain constraints inside the global auto ecosystem have dampened overall sales as producers struggle to keep up with demand until advanced microchip production ramps up. Lack of inventory and access to sophisticated technology that consumers demand in new automobiles will almost certainly continue to limit overall sales, pushing manufacturing ... READ MORE >