North American Project Spending Index Shows First Year-Over-Year Gain in 12 Months

Overall project spending has been roiled by the economic fallout from the COVID-19 pandemic and other factors. As of Thursday, Industrial Info was tracking $267…

Industrial Info | Project Spending | IIR | covid | manufacturing | Crude Oil | Natural Gas Liquids

Industrial Info

Fri Feb 26 2021

Hitachi Pulls Plug on U.K. Nuclear Plant

Japanese industrial giant Hitachi has followed through on previous warnings that it would abandon the £20 billion ($27.3 billion) Wylfa Newydd nuclear power plant…

Industrial Info | Nuclear Plant | manufacturing | Equipment | IIR | Energy Market

Industrial Info

Wed Feb 10 2021

ISM: U.S. Manufacturing Growth Slows Slightly, Faces COVID-Induced Challenges

Economic activity in the U.S. manufacturing sector grew at a slower pace in January compared with December, largely due to an increase in COVID-19…

Industrial Info | Industrial Manufacturing | IIR | covid | manufacturing | Labor

Industrial Info

Fri Feb 05 2021

North American Industrial Manufacturing Outlook: Fairly Robust 2020 Spending to Increase in 2021-22

Project spending by the Industrial Manufacturing Industry took a dip in 2020 as the COVID-19 pandemic hit, but remained relatively robust and is only expected…

Industrial Info | Industrial Manufacturing | manufacturing | IIR | data | Project Spending | covid

Industrial Info

Thu Jan 28 2021

As Steel Market Recovers, U.S. Metals Firms Look to $760 Million in First-Quarter Maintenance

The COVID-19 pandemic continues to weigh on the Metals & Minerals Industry, but steel producers are benefiting from growing demand for materials used in cars,…

Industrial Info | Metals & Minerals | steel industry | IIR | steel | manufacturing

Industrial Info

Wed Jan 06 2021

North American Project Spending Index Shows First Year-Over-Year Gain in 12 Months

Overall project spending has been roiled by the economic fallout from the COVID-19 pandemic and other factors. As of Thursday, Industrial Info was tracking $267 billion worth of project activity that has been affected by the coronavirus in North America, ranging from delays to cancellations. For January, the spending index totaled $704.15 billion, up 2.7% from $685.61 »

Hitachi Pulls Plug on U.K. Nuclear Plant

Japanese industrial giant Hitachi has followed through on previous warnings that it would abandon the £20 billion ($27.3 billion) Wylfa Newydd nuclear power plant in the U.K. by officially withdrawing its planning application. Horizon Nuclear Power, the Hitachi-owned company which was overseeing development, wrote to the U.K.'s Department for Business, Energy and Industrial Strategy to pull »

ISM: U.S. Manufacturing Growth Slows Slightly, Faces COVID-Induced Challenges

Economic activity in the U.S. manufacturing sector grew at a slower pace in January compared with December, largely due to an increase in COVID-19 cases that caused labor shortages for manufacturers and their suppliers, according to the Institute for Supply Management's (ISM) (Tempe, Arizona) Report on Business. Industrial Info is tracking more than $25 billion in high- and medium-probability »

North American Industrial Manufacturing Outlook: Fairly Robust 2020 Spending to Increase in 2021-22

Project spending by the Industrial Manufacturing Industry took a dip in 2020 as the COVID-19 pandemic hit, but remained relatively robust and is only expected to increase in the next two years, according to David Pickering, Industrial Info's vice of president of research for the industry. About $25 billion of spending was delayed in early 2020 as coronavirus hit North »

As Steel Market Recovers, U.S. Metals Firms Look to $760 Million in First-Quarter Maintenance

The COVID-19 pandemic continues to weigh on the Metals & Minerals Industry, but steel producers are benefiting from growing demand for materials used in cars, appliances and machinery, according to the American Iron and Steel Institute. With its capacity utilization improving from 51% in May 2020 to more than 73% just recently, the steel sector no doubt will look to »