INDUSTRIAL UPDATE

*Data Compiled from the most UTD Industry Reports of 2023

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Industrial Projects

North American Industrial Project Spend

(For August 2023)

$ 0 B
North American Project Spend

This is a monthly indicator displaying the amount of industrial project spend in north America.

+$96.76B (YOY)

+16.96% (YOY)

Monthly 2022 vs 2023:

Top 5 Spend by Industry:

$ 0 B
Industrial Man. Spend

+$5.84M (YOY)

+2.82% (YOY)

$ 0 B
Power Spend

+$22.64M (YOY)

+19.42% (YOY)

$ 0 B
Onshore Oil & Gas

+$27.23M (YOY)

+41.17% (YOY)

$ 0 B
Metals & Minerals

+3.37M (YOY)

+7.38% (YOY)

$ 0 B
Pharma & Biotech

+11.01M (YOY)

+26.42% (YOY)

North American Industrial Project Fallout

(For August 2023)

($ 0 M)
North American Project Fallout

This is a monthly indicator displaying the amount of industrial projects that were cancelled, placed on hold, or delayed.

-$50,920M (YOY)

-19.87% (YOY)

Monthly 2022 vs 2023 (running):

Fallout by Industry:

$ 0 M
Industrial Manufacturing

-$50,472.08(M) (YOY)

-297.20% (YOY)

($ 0 M)
Power Spend

+$15,040.72 (M) (YOY)

+12.21% (YOY)

($ 0 M)
Onshore Oil & Gas

+$4,420.09 (M) (YOY)

+5.93% (YOY)

($ 0 M)
Metals & Minerals

– $18,543.05 (M) (YOY)

-119.89% (YOY)

$ 0 M
Pharma & Biotech

-$4,946.69 (M)(YOY)

-35.71% (YOY)

Industrial Production & Capacity Utilization

Industrial Production Index

(For August 2023)

0
Total Industrial Production Index

Published by the Federal Reserve, the Industrial Production Index (IPI) is a monthly metric that gauges the actual production levels in sectors such as manufacturing, mining, and utilities, compared to a reference year.

+.2% (YOY)

Monthly 2022 vs 2023:

Production by Industry:

0
Manufacturing

-.6% (YOY)

0
Mining

+3.9% (YOY)

0
Business Equipment

+1.0% (YOY)

0
Materials

+1.2% (YOY)

0
Construction

-2.5% (YOY)

Capacity Utilization

(For August 2023)

0
Total Capacity Utilization Index

The percentage measure of how efficiently a country or business is using its potential manufacturing and production capabilities.

+1.6 (YOY)

Monthly 2022 vs 2023:

Capacity by Industry:

0
Manufacturing

+1.3 (YOY)

0
Mining

+0.4 (YOY)

Jim Richard, ISG CEO

“So far, 2023 is performing well above 2022. Significant spending is being made on projects, while a lesser number of those projects are being cancelled, put on hold, or delayed. The industrial sector continues to press on strengthen from 2022 numbers. “

Industrial Labor

Manufacturing Sector Unemployment Rates

(For August 2023)

0 %
Manufacturing Unemployment Rate

Indicates the percentage of individuals in machinery manufacturing who are 16 years or older and are nonagricultural private wage & salary workers without a job.

-.6 percentage pts (YOY)

Monthly 2022 vs 2023:

Unemployment By Manufacturing Subsector:

0 %
Machinery

-.6% (YOY)

0 %
Chemical

-1.9% (YOY)

0 %
Petroleum & Coal

+4.8% (YOY)

0 %
Electrical Equipment

-2.3% (YOY)

0 %
Computer & Electronic

+2.6% (YOY)

Manufacturing Sector Producer Price Index

(For August 2023)

0
Manufacturing Producer Price Index

The producer price index quantifies the percentage fluctuation in prices that domestic producers receive for goods and services.

-0.28% (YOY)

Monthly 2022 vs 2023:

PPI By Manufacturing Subsector:

0
Machinery

+9.28% (YOY)

0
Chemical

-14.11% (YOY)

0
Petroleum & Coal

-34.55% (YOY)

0
Electrical Equipment

+8.61% (YOY)

0
Computer & Electronic

+2.81% (YOY)

Shipping

(For August 2023)

$ 0
Dry Van Spot Rates

-16.6% (YOY)

As of August 23′

$ 0
Flatbed Spot Rates

-17.2% (YOY)

As of August 23′

0
Dry Van Load-To-Truck Ratio

-20.1% (YOY)

As of August 23′

0
Flatbed Load-To-Truck Ratio

-57.2% (YOY)

As of August 23′

Environmental / Sustainability

(For May 2023)

Industrial CO2 Emissions

This is a monthly indicator displaying the amount of CO2 emissions in the industrial sector in Million of metric tons.
0 M
Metrics Tons of CO2 Emitted

0M (YOY)

Monthly 2022 vs 2023:

Metric Tons of CO2 By Energy Type:

0 M
Coal

-12.5% (YOY)

0 M
Natural Gas

0% (YOY)

0 M
Petroleum

+7.4% (YOY)

0 M
Pharma & Biotech

-9.38% (YOY)

Industrial Energy Consumption

(For May 2023)

This is a monthly indicator displaying the amount of Energy consumed in the Industrial sector in Trillions of btu (british thermal units)
0 T
BTU's of Energy Consumed

+40Tbtu (YOY)

Monthly 2022 vs 2023:

BTU’s of Energy Consumed by type:

0 T
Fossil Fuels

-229Tbtu (YOY)

0 T
Renewable Energy

-8Tbtu (YOY)

0 T
Electricity

-3Tbtu (YOY)

0 T
Electrical System energy Losses

-19Tbtu (YOY)

Gas & Electricity Costs

(For May 2023)

$ 0
Natural Gas Prices (Dollars per thousand cubic feet)

-$4.74(YoY)

$ 0
Average Prices of Electricity (Cents per Kilowatthour, Including Taxes)

-$0.62(YoY)

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Sources:

  • Unemployment Rate: https://data.bls.gov/timeseries/LNU04032232?amp%253bdata_tool=XGtable&output_view=data&include_graphs=true
    • Petroleum & Coal: https://www.bls.gov/iag/tgs/iag324.htm
    • Chemical: https://www.bls.gov/iag/tgs/iag325.htm
    • Computer & Electronics: https://www.bls.gov/iag/tgs/iag334.htm
    • Electrical Equipment: https://www.bls.gov/iag/tgs/iag335.htm
    • Machinery: https://www.bls.gov/iag/tgs/iag333.htm
  • Industrial CO2 Emissions: https://www.eia.gov/totalenergy/data/monthly/pdf/sec11_7.pdf
  • Industrial Energy Consumption: https://www.eia.gov/totalenergy/data/monthly/pdf/sec2_11.pdf
  • Natural Gas Price: https://www.eia.gov/totalenergy/data/monthly/pdf/sec9_15.pdf
  • Electricity Price: https://www.eia.gov/totalenergy/data/monthly/pdf/sec9_11.pdf
  • Dry Van Spot Rates: https://www.dat.com/trendlines/van/national-rates
  • Flatbed Spot Rates: https://www.dat.com/trendlines/flatbed/national-rates
  • Dry Van Load to Truck: https://www.dat.com/trendlines/van/demand-and-capacity
  • Flatbed Load to Truck:  https://www.dat.com/trendlines/flatbed/demand-and-capacity
  • Project Fallout: https://www.industrialinfo.com/dash/gapMenu.jsp
  • Project Spending: https://www.industrialinfo.com/dash/industryMenu.jsp
  • Industrial Production and Capacity Utilization: https://www.federalreserve.gov/releases/g17/current/default.htm

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