Dip in housing starts expected to be short-lived

January 18, 2018
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By Scott Volling December housing starts came in at 1,192,000, 6.5% below the consensus of 1,275,000 and 6.0% below last year’s 1,268,000. Given the momentum that appeared in October and November, this is certainly a disappointing number to end the year, but one we think is a temporary speed bump as we enter what we expect […]

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The auto industry conundrum: Dissecting myths versus realities

January 12, 2018
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By Ray Telang Nearly every day, headlines from around the automotive industry herald the imminent deployment of electric, connected, autonomous, shared, personalized and on-demand vehicles en masse. While 2017 confirmed that technology is driving a sustained shift in related trends – and confabs, such as CES, the North American International Auto Show and Automotive News […]

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Engineering & Construction: Being successful in the new normal

January 11, 2018
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By Mike Sobolewski and Greg Rainey PwC recently had the privilege of hosting our seventh annual Engineering & Construction Executive Roundtable in Arizona. We examined both the macro and micro trends affecting the industry and discussed practical solutions for dealing with the rapidly shifting environment. From the comments we received both during and after the […]

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Manufacturing outlook: Technology and tax to take center stage in 2018

January 9, 2018
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By Bobby Bono In 2017, the terms “IoT” and “digital” seemed to be the most trending topics within the manufacturing sector. Although most manufacturers are talking about IoT and digital, far fewer have implemented a comprehensive digital strategy. Those manufacturers without a digital strategy could be hindering their business strategy in 2018 and beyond. While […]

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Economic optimism in manufacturing driven by strong new orders and production numbers

January 3, 2018
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By Bobby Bono and Michael Goulet Driven by strong new orders and production numbers, the ISM manufacturing index rose to 59.7 in December, reflecting economic optimism across the manufacturing sector The December 2017 Purchasing Manager’s Index (PMI) for manufacturing increased to 59.7%, a 1.5% increase from November, according to the Institute for Supply Management (ISM). The […]

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The new tax bill will affect companies across the Industrial Products sector – here’s what you need to know

December 21, 2017
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By John T. Livingstone After 31 years, Congress has passed major tax reform legislation and sent it to the President for his signature. The bill is the most significant tax reform in a generation and is intended to provide an additional catalyst to grow the economy and stimulate job growth and higher wages. For industrial […]

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Housing strong for second straight month

December 19, 2017
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By Scott Volling Housing starts and permits for November both exceeded consensus estimates, boosted by the highest number of single family starts since September 2007. This is a positive sign, as it shows builders continue to shift focus to the pent-up demand in the single family segment, which should benefit consumers as more inventory enters a […]

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ISM index holding steady ahead of potential tax reform and rate hike

December 6, 2017
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By Bobby Bono and Mike Goulet The Institute for Supply Management (ISM) Purchasing Manager’s Index (PMI) for manufacturing recorded a modest decline in November, dropping to 58.2 from 58.7 the previous month, a 0.5% decline. The small decline reflects a mix of positive and negative signals in the underlying data. Of the 18 manufacturing industries included in […]

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Help wanted: The future of automotive talent is shifting gears

November 30, 2017
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By Ray Telang and John Karren Talk about rapid change. An industry once thought to be on the brink of collapse, saved by a multi-billion dollar government rescue, is not only thriving – it’s at the forefront of global technological innovation. Yes, we’re talking about the fiercely competitive automotive industry. After a dramatic recovery and […]

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October housing starts exceed expectations with new construction surging

November 17, 2017
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By Scott Volling Today’s release of new residential construction data for October reflects strength in both starts and permits. Both metrics exceeded expectations, with starts coming in 8.9% above consensus at 1,290,000 and permits equally strong at 1,297,000, 4.6% above consensus. Combined, these are the strongest numbers we have seen since October of last year […]

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