Following historic drops in the manufacturing sector brought on by the global recession, firms are looking for signs that the worst is over. Around the globe, capacity utilization in manufacturing plummeted, with the U.S. hitting 65.1% in June—the lowest since the Federal Reserve began tracking it in 1967. Since June, the rate has crept up slightly—reaching 67.6% in October—but remains well below the historic average of 79.6%. Photo: AP/Wideworld As the auto market slumps in the U.S., firms are looking overseas, particularly in China, now the world’s largest auto market, for new projects. Related Links: View more industry sectors from
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.