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Industrial Outlook: Does Slow Growth Signal a Stall?
North American industrial firms are proposing to begin work on about $360.7 billion of capital and maintenance projects this year, a 7.21% increase over the $336.44 billion in scheduled annual spending for the January-April 2011 period. The 7.21% rate of growth is better than last month’s data, but still far below previous periods’ double-digit growth rates.
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Power Outlook: Transmission Spending Surging Now, May Sag Later
Investment in electric transmission facilities in surging across North America now, but that surge may turn into a sag if the U.S. Congress doesn’t extend the federal Production Tax Credit (PTC) for renewable energy generation, according to Brock Ramey, Industrial Info’s North American Power Industry Research Manager.
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Economics: Spring Slowdown Confirmed by GDP, Jobs Data
U.S. economic growth slowed this spring, marking the third time that modest growth in the winter was followed by a disappointing spring. The U.S. Gross Domestic Product (GDP) rose by a 2.2% annualized rate during the first quarter, according to the first estimate from the Commerce Department’s Bureau of Economic Analysis (BEA). By contrast, the U.S. economy grew 3% in the fourth quarter of 2011.
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Politics: As Presidential Race Begins, Romney Unveils Industry-Friendly Energy Platform
November’s presidential contest began in earnest after former Senator Rick Santorum and former House Speaker Newt Gingrich suspended their campaigns for the Republican presidential nomination. In late April, President Obama and Mitt Romney opened their respective presidential campaigns in earnest with a blitz of TV ads, campaign stops, accusations and position papers.
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Industrial Info has a wide variety of resources to support your business-development activities in industrial markets. From maps and databases to executive briefings and customized analytic tools, our resources can lead to better decisions and a bigger book of business. Start by calling our Member Center today at 1-800-763-3361 or visiting our Online Store.
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