Industrial production rebounded in October with a gain of 1.6% after a significant slowdown in September because of Hurricane Ida, pointing to healthy growth for the rest of the year. … READ MORE >
Industrials
This week in energy: Infrastructure bill, carbon capture, oil prices up
In this week’s energy industry analysis, we take a look at the recently passed infrastructure bill’s implications for the sector, proposals for carbon capture and storage projects in Canada, and the recent rise in oil prices. … READ MORE >
Carbon pricing—in the spotlight at COP26—could mean big shifts for global trade
Though long touted by economists as the solution to reduce carbon emissions and tackle climate change, carbon pricing has for years been mostly abstract. Discussions at COP26, however, indicate the textbook solution might soon become a reality for more than a few select countries and industries. … READ MORE >
Manufacturing in Canada at seven-month high
Canada’s manufacturing output hit a seven-month high in October as domestic and international demand remained strong despite persistent bottlenecks in the global supply chains. … READ MORE >
Chart of the day: U.S. manufacturing remained strong in October
The Purchasing Managers’ Index inched down to 60.8 in October from 61.1 in September, but still posted the 17th straight month of expansion since April 2020. … READ MORE >
RSM US Manufacturing Outlook Index: Expansion hits headwinds
The RSM US Manufacturing Outlook Index was more than 1.2 standard deviations above normal in October, suggesting an expansionary production sector; only 18% of the months since 1968 have had higher results. … READ MORE >
This week in energy: COP26, Permian production, Canada Cabinet shuffle
In this week’s energy industry analysis, we take a look at priorities for the upcoming United Nations climate change conference, the recent production surge in the Permian Basin, and new Cabinet appointments in Canada. … READ MORE >
The LIBOR transition could affect manufacturing companies
Given the various departments, business units and locations that are part of global manufacturing companies’ structure, the direct and indirect exposures can be quite substantial. … READ MORE >
Chart of the day: Signs of strength in durable goods orders
Durable goods orders fell by 0.4% in September after a strong gain of 1.3% in August. But even with this decline, investment in the private sector as seen in core capital goods orders remained strong, suggesting continued robust growth. … READ MORE >
The Permian Basin leads U.S. shale production recovery
U.S. shale producers have exercised production restraint due to market uncertainty and investor pressure, but now a production surge in the Permian Basin is leading recovery in the country’s shale patch. … READ MORE >