Economic activity in the manufacturing sector slipped in July, according to the latest Manufacturing ISM® Report On Business®. “The July PMI® registered 58.1 percent, a decrease of 2.1 percentage points from the June reading of 60.2 percent. The New Orders Index registered 60.2 percent, a decrease of 3.3 percentage points from the June reading of […]
Economic Activity in Manufacturing Slows in July Read More »
According to a recent report by the Associated Builders and Contractors (ABC), the U.S. economy expanded at an annualized 4.1 percent rate during the second quarter of 2018—the fastest rate of quarterly growth since the second quarter of 2014. ABC provided an analysis of U.S. Bureau of Economic Analysis data. “We are encouraged by the
Nonresidential Fixed Investment Surges in Second Quarter, Says ABC Read More »
Data collected and tabulated by the American Chemistry Council (ACC) show that the global chemical industry ended the second quarter on a good note. ACC’s Global Chemical Production Regional Index (Global CPRI) shows that global chemicals production rose 0.4 percent in June, following a 0.9 percent gain in May and drops in the first quarter.
Global Chemicals Production Remains High Read More »
Activity in the chemical industry remained positive. The American Chemistry Council (ACC) recently reported that U.S. specialty chemicals market volumes ended the second quarter on a solid note, increasing 0.4 percent in June after a slightly revised 0.4 percent gain in May, and a 1.0 percent gain in April. All changes in the data are
U.S. Specialty Chemicals Markets End Second Quarter on a Solid Note Read More »
Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 108th consecutive month, according to supply executives in the latest Manufacturing ISM® Report On Business®. Economists had forecasted the ISM index to come in at a level of 58.5, however the actual reading came weaker at 57.3. That shortfall
Manufacturing Activity Declines Read More »
According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) expanded by 0.2 percent in March, following a 0.4 percent decline in February, and a 0.6 percent decline in January, as measured on a three-month moving average (3MMA) basis. During March, chemical output moved higher in all regions, except the
U.S. Chemical Production Moves Higher Read More »
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), slipped 0.1 percent in April to 121.6 percent on a three-month moving average (3MMA) basis. This follows six consecutive monthly gains and a dip from the barometer’s highest point since modeling began. The barometer remains up 3.8 percent on
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
Industrial Production Rises, Job Openings Hit Record High Read More »
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
Oil Demand Growth to Shift to Petrochemicals Read More »
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,
Manufacturing Activity Continues to Expand Read More »
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
ACC Report: NAFTA Critical to Growth and Job Creation by U.S. Chemical Manufacturers Read More »
Carroll Daniel Construction recently acquired the assets of O’Neal, Inc.’s engineering practice and three of its subsidiaries – Quest Site Solutions, INfab and Bridge Automation. Under this new ownership, O’Neal will now be known as Carroll Daniel Engineering. This will not significantly impact current or upcoming projects. O’Neal has built a strong reputation in engineering, known for its technical excellence, customer-centric approach, and high-quality service in the industrial and manufacturing sectors. Carroll Daniel adds 78 years of experience as a nationally-recognized construction services firm. With this acquisition, our combined team is able to expand and evolve with industry demands and priorities. You will still receive the high level of engineering services you have come to know from O’Neal, but with an added value of industry expertise and insight that make for more seamless project planning.