The adoption of electric vehicles has grown tremendously over the past year and a half. The trend will accelerate as consumer demand, which is being fueled by higher gasoline prices, tax incentives, funding from the Inflation Reduction Act, and the increased desire for environmental sustainability, ... READ MORE >
Industrials
Canada positioned to thrive in EV landscape—and other takeaways from EV/VE 2022
Electric mobility is no longer the future—it’s the present. That was one of the key messages at EV/VE 2022, Electric Mobility Canada’s conference in Toronto last month. The national not-for-profit organization’s event drew electric vehicle sector stakeholders including federal and municipal governments, ... READ MORE >
Positive manufacturing jobs data masks broader issue of tech investment
U.S. manufacturers’ hiring pace remained in positive territory in September with a net increase of 22,000 in manufacturing payrolls from August, according to data released Friday by the Bureau of Labor Statistics. The sector’s pace of hiring has slowed since its recent peak in April of this year at ... READ MORE >
Manufacturing slows in September as economy edges closer to contraction
The Institute for Supply Management's purchasing managers' index for manufacturing activities dipped to 50.9 in September, its lowest level since May 2020, amid an economic slowdown in the United States as well as globally. Inflation and a tighter monetary policy by central banks have pushed the global ... READ MORE >
Earnings call roundup: Space companies
Even as space and intelligence companies grappled with a tight labor market and inflation in the second quarter, they still capitalized on vertical integration efforts and successful launch test phases to remain competitive, according to recent earnings calls. Executives said they were seeking to ... READ MORE >
ISM manufacturing: Sentiment points to modest increase in growth
Manufacturing sentiment in August pointed toward a modest acceleration in growth inside the Institute for Supply Management's manufacturing survey, even as the headline number stayed flat at 52.8 compared to July. This data, which was released on Thursday, will almost certainly bolster calls for a ... READ MORE >
RSM US Manufacturing Outlook Index: Decline in new orders leads a slowdown
The RSM US Manufacturing Outlook Index indicates a slowing manufacturing sector. This month’s reading of 1.47 standard deviations below normal manufacturing activity is the fourth month of decreased manufacturing since May after nearly two years of expansion. While employment remains solid, current ... READ MORE >
Earnings call roundup: Defense technology
Defense technology executives discussed supply chain and labor challenges recently during their second-quarter earnings calls. These businesses aren’t simply trying to get past the short-term challenges. They are also strategizing and investing in long-term solutions. Expectations of greater defense ... READ MORE >
Core capital goods investments grow while pending home sales fall
Strong durable goods orders and shipments in July showed that businesses continue to make long-term investments despite rising prices and concerns of a recession. Although the top-line number for new orders reported by the Commerce Department on Wednesday remained flat on the month compared to June, ... READ MORE >
Industrial production rose in July, tempering recession fears despite housing starts drop
While a sharp drop in U.S. housing starts in July will continue to put a dent in the residential investment component of third-quarter gross domestic product, the strong bounce back of industrial production volume should temper recession fears. U.S. industrial production beat estimates last month, ... READ MORE >