U.S. Automotive Sector Flourishes as Manufacturers Return from Overseas
It was only a few years ago when the U.S. automotive sector found itself in dire straits. Two of the "Big Three" U.S. automakers--General Motors Company (NYSE:GM) (Detroit, Michigan) and Chrysler, which is owned by Fiat Chrysler Automobiles (NYSE:FCAU) (London, England)--were facing bankruptcy, and the other, Ford Motor Company (NYSE:F) (Dearborn, Michigan), had only managed to avoid that problem through its request for a line of credit.
North America's Planned Spending for 2016 Drops More than 4%
from Same Estimate for 2015
Planned industrial project spending for North America in 2016 stood at $401.62 billion at the end of March, compared with a $419.97 billion estimate for 2015 at the end of the same month last year, according to Industrial Info's North American Industrial Project Index. Most of the 4.37% decline can be attributed to two industries: Power and Metals & Minerals. The former declined 19.35% to $98 billion, and the latter declined 30.17% to $37.23 billion.
PSEG Unveils $16 Billion, Five-Year Capital Spending Program
Public Service Enterprise Group Incorporated (PSEG) (NYSE:PEG) (Newark, New Jersey) plans to invest about $16 billion in its electric and gas utility business and its competitive power generation unit over the next five years, an increase of about $2 billion from its prior five-year capital budget, company executives told analysts and investors last month.
Rite of Spring: U.S. to See More than $800 Million in Planned Second-Quarter Power Outages
Planned maintenance outages are a fact of life for power plants, where a lot of money is spent to keep the lights on, among other things. Industrial Info is tracking no less than $807.6 million in U.S. power maintenance projects scheduled for kickoff in the quarterly period that began on April 1. With 165 projects worth a combined $536.6 million, plants that use fossil fuels (coal, fuel oil and natural gas) take up the lion's share of the outage work.
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Canada Industrial Spending Activity - 2016 Edition
The 2016 Canada Industrial Spending Activities Wall Map Series illustrates a geographical view focused on spending activity at existing plants for 12 industrial market segments.
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