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CIRCOR Announces Availability of Historical Segment Information


CIRCOR International announced the availability of certain historical segment information reflecting its previously announced organizational realignment beginning in the fourth quarter of 2016.

The new “Energy” segment, including the recent acquisition of Critical Flow Solutions, will prima...


Curtiss-Wright, Clarke Industrial Engineering Sign Licensing Agreement


Clarke Industrial Engineering has entered into a licensing agreement with Curtiss-Wright Corporation, whereby Clarke’s patented and proprietary Shutter Valve technology will be exclusively available to Curtiss-Wright for the worldwide naval defense market, the U.S. maritime homeland security mar...


New Investments Spur Permian Oil Production Increase


The Department of Energy (DOE) said on Tuesday that oil production in the Permian Basin could increase by 53,000 bpd by next month. According to the Energy Information Administration (EIA), that is the largest monthly increase in the region in a year.

“The EIA’s first shale oil forecast o...


Why is Oil & Gas Slow to Adopt Cloud Technology?


“There are endless benefits to implementing a cloud-based system, many of which center around less waste and less hassle, but due to operational characteristics, oil & gas companies stand to benefit more than most.”

“Yet, while being among the sectors that stand to gain most fro...


Industrial Production Sees Largest Rise in More Than Two Years


Industrial production rose 0.8% in December, the largest increase since November 2014, after falling 0.7% the previous month. For the fourth quarter as a whole, the index slipped 0.6% at an annual rate.

Manufacturing output moved up 0.2% in December, as an increase in durable manufacturing outweighed d...


IMF Raises U.S. Economic Growth Forecast


After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies. However, the International Monetary Fund (IMF) noted in its new World Economic Outlook, there is a wide dispersion of possible outcomes around ...


Reed Construction Data Highlights New Developments in Commercial Construction

Nonresidential construction spending fell 0.7% from June to $298.8 billion, while year-to-date nonresidential construction spending was up 8.4% from the same period for 2011 notes Reed Construction Data U.S. chief economist Bernard M. Markstein. June numbers were revised down $1.3 billion. As a result, instead of rising 0.3% as was originally reported, June spending declined 0.1%. July construction spending increased 0.2% for office, 0.4% for health care, and 0.7% for public safety.

Manufacturing construction spending fell 2.2% in July after having increased the previous five months. Despite July’s drop, year-to-date spending was up 31.7% over the same period last year.

July heavy engineering construction spending slumped 0.6% from June to $264.3 billion, while year-to-date spending rose 10.7% from the same period in 2011. June’s spending was revised down $2.0 billion. Thus, June’s decline was revised down from the previously reported 0.2% to a 1.1% fall. Transportation spending, which jumped 1.3%, was the only major heavy engineering area to advance in July.

Private construction spending decreased $6.9 billion in July, a 1.2% drop from June. However, this was only its second time private spending has fallen over the previous 12 months. On a year-to-date basis, private spending advance 15.8% from the same period in 2011.

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