July housing starts: Disappointing, but there’s room for optimism

August 16, 2017
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By Scott Volling July housing starts came in at a seasonally adjusted rate of 1,155,000, 5.3% below the consensus of 1,220,000 and 5.6% lower than July of 2016.  With June starts generating optimism after halting three straight months of declines, the July data is disappointing and may indicate that full year projections of 1.25M to […]

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2017 analysis of favorable states for aerospace manufacturing

August 16, 2017
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By Scott Thompson The long-term forecast for the aerospace and defense industry looks bright, with the industry having reported a notable increase in both revenues and profits for 2016. Air passenger travel is exceeding expectations and there is demand for increases in aircraft, engine and parts manufacturing. As aerospace companies continue to expand, they will […]

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Gleening insights from ‘Talking Tax’ participants during these unpredictable times

August 10, 2017
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By John Livingstone In our continued effort to address critical issues that are pertinent to senior tax executives, we hosted the 27th installment of ‘Talking Tax.’ A primary theme of this executive webcast series  is adapting to change and managing risk in the context of tax reform. In addition to sharing insights regarding the potential […]

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M&A spotlight: Engineering & Construction

July 28, 2017
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By Colin McIntyre and Mike Sobolewski 2017 has been a year of economic uncertainty across many industries, but things are starting to improve for the Engineering and Construction sector when it comes to M&A. For the second quarter, there were 49 deals, valued at $21.6 billion globally. This represents a 72% increase in dollars and […]

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M&A Spotlight: Global Automotive Deal Activity

July 27, 2017
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By Jeff Zaleski, PwC Global Automotive M&A activity, across component suppliers, vehicle manufacturers, retail, dealership, aftermarket, etc., was strong in the first half of 2017. There were 276 deals valued at $24.4 billion, a 14% increase in value and 7% increase in volume when compared to the same time period in 2016. Average deal size […]

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The big three unknowns for US manufacturers with trade policy in flux

July 25, 2017
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By Bob McCutcheon The Trump Administration’s aim to tie US trade relations more closely to domestic manufacturing growth is prompting US companies and their trading partners to re-think supply chain and operations strategy. We see US governors, senators and industry associations reaching across US borders to put forward their cases as North American Free Trade […]

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Higher June housing starts reverse three-month decline

July 19, 2017
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By Scott Volling June housing starts came in at 1,215,000, 5% higher than the consensus of 1,155,000 and 2% higher than June of 2016. This is the highest number since February and reverses three straight months of declines.  Permits rose 7% from May to 1,254,000, an additional sign that the 3-month decline in starts from March […]

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The revolution won’t wait

June 29, 2017
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Technology Is Dramatically Changing Our Manufacturing Landscape By Robert McCutcheon The year began with a renewed sense of optimism among manufacturers given expectations for beneficial changes in tax policy, regulation and infrastructure spending. Despite continued uncertainty regarding the global economic climate, there was a consensus that a more business-friendly environment was on the horizon. Six […]

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Aerospace & Defense industry reports higher revenues and profits in 2016; strong forecast for 2017

June 20, 2017
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By Scott Thompson The top 100 aerospace & defense (A&D) companies accounted for $709 billion in revenue, resulting in $69 billion in profits for 2016 – an increase from $689 billion in revenue and $64 billion in profits compared with 2015. While this is below the record levels set in 2014, largely due to the […]

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Housing starts down as we head into summer

June 16, 2017
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By Scott Volling May housing starts came in at 1,092,000, well below consensus estimates of 1.21 million and down 2.4% year over year. We have been optimistic about the market’s slow and steady recovery based upon consistent year-over-year improvement, so we will need to watch carefully if this is a one-time anomaly or a multi-month trend. […]

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