Industrial Production Rises, Job Openings Hit Record High
Industrial production rose 1.1 percent in February following a decline of 0.3 percent in January, according to the most recent Industrial Production Report released by the Federal Reserve. Manufacturing production increased 1.2 percent in February, its largest gain since October. Mining output jumped 4.3 percent, mostly reflecting strong gains in oil and gas extraction. Pantheon [...]
Oil Demand Growth to Shift to Petrochemicals
During the next five years, strong demand for oil and gas will shift towards petrochemicals and away from motor oils and fuels according to a new report from the International Energy Agency (IEA). Below is a summary of the report from IEA. Strong global demand for The journey to 2023 is starting from a relatively [...]
Manufacturing Activity Continues to Expand
Economic activity continues to expand in the manufacturing sector. According to the latest Manufacturing ISM® Report On Business®, manufacturing activity expanded in February, and the overall economy grew for the 106th consecutive month. The Institute for Supply Management® (ISM) surveys the nation’s supply executives each month. The ISM manufacturing index jumped to 60.8 in February, [...]
ACC Report: NAFTA Critical to Growth and Job Creation by U.S. Chemical Manufacturers
By modernizing the North American Free Trade Agreement (NAFTA), President Trump can help the U.S. capitalize on the chemical industry’s strong competitive advantage created by domestic shale gas; boost U.S. chemical exports to Canada and Mexico by 34 percent by 2025; and support the chemical industry’s positive contribution to the U.S. trade balance, according to [...]
Manufacturers Have a Postive Outlook, NAM Reports
In the latest Manufacturers’ Outlook Survey from the National Association of Manufacturers (NAM), manufacturers’ optimism has risen to unprecedented heights, driven by their belief that the progress the White House and Congress have made on enacting bold, comprehensive tax reform shows that leaders in Washington are finally embracing policies to help manufacturers in the United [...]
