Housing starts remain steady in June

July 17, 2019
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By Scott Volling June housing starts were released today, essentially in line with consensus at 1,253,000 and last month’s revised 1,265,000, but 6.2% above a comparatively weak result in June of 2018.  Permits were a bit disappointing, dropping 6.1% month over month and 6.6% year over year to 1,220,000 units.  This is the lowest level […]

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Talking Tax recap: Tax reform guidance, trade policy, and taxing the digital economy

June 26, 2019
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By John Livingstone I recently hosted the latest installment of our popular quarterly ‘Talking Tax’ webcast series. This episode covered a number of relevant topics, including tax reform guidance, trade policy, and taxing the digital economy. Tax reform guidance Scott McCandless, co-host of Talking Tax and a principal in our Tax Policy Services (TPS) practice, […]

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May housing starts exceed expectations

June 18, 2019
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By Scott Volling May housing starts were released today, coming in 2.4% above the consensus of 1,239,000 but 4.7% below May of 2018, which was a very strong 1,332,000.  Positively, April results were revised upward by 46,000 units to 1,281,000.  Permits, an indicator of potential start levels in the future, came in at 1,294,000, essentially […]

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The USMCA: Mexico is open for business

May 22, 2019
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By Mark Hermans, Rajiv Jetli, and Carlos Zegarra Global trade has entered a new, uncertain phase. It’s time for manufacturers to reconsider where they build their products and source critical components. One critical moving piece is especially close to home. Although some commentators may refer to it as NAFTA 2.0, the changes manufacturers will have […]

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The Mobility Revolution’s ‘Show Me’ Moment

May 21, 2019
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By Barry Jaruzelski The defining technologies driving the Fourth Industrial Revolution (4IR) have the power to knock down the walls between the physical and digital realms, enabling not just innovative new products but perhaps more importantly new business models and ways of working with the potential to fundamentally change the way we move people and […]

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Aerospace and Defense Industry Hits Record Revenues and Profits in 2018

May 16, 2019
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By Scott Thompson With an industry revenue of $760 billion – exceeding the previous record of $729 billion in 2014 – and operating profit of $81 billion, surpassing the previous record set in 2017 by 9%, the A&D sector scored record revenues and profits in 2018. We’ve also seen a very active M&A environment in […]

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Easing Congestion Will Require an Ecosystem Approach

May 9, 2019
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By Ray Telang Congestion is an ever-present challenge for cities around the world. In some ways, thriving urban areas are victims of their own success. They tend to offer greater access to jobs, housing, education and culture, attracting people seeking opportunities for a better life. In the United States, cities and the suburbs that surround […]

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What are industrial manufacturing CEOs doing in this tough external environment? They are looking inward

May 7, 2019
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By Bobby Bono and Barry Jaruzelski The industrial manufacturing sector is facing several significant challenges: trade wars, political instability, and a slowdown in economic growth. Deal activity in the first quarter for industrial manufacturers fell to its lowest level in more than four years and many economists are predicting slower growth ahead. It’s no wonder […]

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Chemicals M&A Update: Consolidation in Specialty Chemicals Space Driving up Trading Multiples

April 30, 2019
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By Craig Kocak Chemicals M&A activity during the first quarter saw the highest total deal value compared to other industrial products industries. This was in large part driven by the announcement of Saudi Aramco’s acquisition of a majority stake in SABIC for $69 billion. This one deal accounted for 80% of chemical deal value in […]

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Industrial Manufacturing Deal Activity Falls to Lowest Level in over Four Years

April 25, 2019
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By Paul Elie Deal activity in the first quarter for industrial manufacturing companies fell to its lowest level in more than four years. The pullback is attributed to global economic uncertainty which has companies reevaluating the strategic fit of acquisitions. This is due in large part to trade wars and growth slowdowns in the U.S., […]

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