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Industry Headlines

Flowserve Names David Wilson President, Industrial Products Division

4 DAYS AGO

Flowserve Corporation has appointed David Wilson as president, Industrial Products Division (IPD). Wilson succeeds Tom Pajonas, executive vice president, Global Operations, and interim president, IPD, who announced his year-end retirement plans earlier in the year.

Wilson is a veteran of the flow contr...

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MRC Global Renews Enterprise Framework Agreement with Shell

7 DAYS AGO

MRC Global (US) Inc. has renewed an Enterprise Framework Agreement with Shell Global Solutions International B.V. Under this agreement , MRC Global will stock and distribute mechanical valves to Shell for its operated upstream, midstream and downstream assets for maintenance, repair and operation (MRO...

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Energy Company Looking at Sites for Hydroelectric Storage

3 DAYS AGO

Dominion Energy Virginia is moving forward with its plan to study the feasibility of a $2 billion pumped hydroelectric storage facility in the coalfield region of southwest Virginia by conducting in-depth studies of two potential sites. The company currently is considering two possible locations for t...

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Water Reuse Capacity to Increase 37% Over Next Ten Years

4 DAYS AGO

An increasing focus on resiliency and water supply risk is driving investment in water reuse. New capacity additions in the U.S. municipal water sector are forecasted to surpass $21.5 billion from 2017 to 2027, according to a new report from Bluefield Research . At the epicenter of U.S. reuse activity...

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Harvey Caused Steep Drop in U.S. Industrial Output

18 HOURS AGO

Industrial production declined 0.9% in August following six consecutive monthly gains. Hurricane Harvey is estimated to have reduced the rate of change in total output by roughly 0.75%. The index for manufacturing decreased 0.3%; storm-related effects appear to have reduced the rate of change in facto...

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Empire State Manufacturing Shows Strong Growth in September

18 HOURS AGO

Business activity continued to grow strongly in New York State, according to firms responding to the September 2017 Empire State Manufacturing Survey . The headline general business conditions index held steady at 24.4. The new orders index rose four points to 24.9 and the shipments index climbed four...

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Consumer Confidence Increases After Four Consecutive Declines

The Conference Board Consumer Confidence Index, which had declined in June, improved slightly in July. The Index now stands at 65.9, up from 62.7 in June.

Consumers' appraisal of current conditions eased in July. Those claiming business conditions are "good" declined to 13.8% from 14.2%, while those saying business conditions are "bad" decreased to 34.2% from 35.9%. Consumers' assessment of the labor market was also mixed. Those stating jobs are “hard to get" declined to 40.8% from 41.2%, while those claiming jobs are "plentiful" decreased to 7.8% from 8.3%.

On the other hand, consumers were generally more optimistic about the short-term outlook in July. The percentage of consumers expecting business conditions to improve over the next six months rose to 18.9% from 16.0%, while those anticipating business conditions will worsen decreased to 14.6% from 15.8%. Consumers’ outlook for the labor market was also more upbeat in July. Those expecting more jobs in the months ahead increased to 17.6% from 14.8%, while those anticipating fewer jobs edged down to 20.3% from 20.8%. The proportion of consumers expecting an increase in their incomes, however, declined to 14.2% from 15.3%.

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