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Worth Reading

World Energy Balances 2017

This publication presents comprehensive energy balances for all the world’s largest energy producing and consuming countries. It contains detailed data on the supply and consumption of energy for 150 countries and regions, including all OECD countries, over 100 other key energy producing and consuming countries, as well as world and regional totals.

The book includes graphs and detailed data by country for all energy sources – coal, gas, oil, electricity, renewables and waste - expressed in balance format, for the year 2015. Alongside this, there are summary time series on production, trade, final consumption by sector, as well as key energy and economic indicators. The volume also presents provisional 2016 supply data for OECD countries, and initial 2016 estimates for non-OECD countries’ production and trade of natural gas, primary coal and oil.

More detailed data in original units are published in the 2017 edition of World Energy Statistics.

The commercially available book or pdf file can be ordered here

www.oecd.org

Oil Information 2017

Oil Information is a comprehensive reference book on current developments in oil supply and demand. This publication contains key data on world production, trade, prices and consumption of major oil product groups, with time series back to the early 1970s.

Its core consists of a detailed and comprehensive picture of oil supply, demand, trade, production and consumption by end-user for each OECD country individually and for the OECD regions. Trade data are reported extensively by origin and destination.

Oil Information is one of a series of annual IEA statistical publications on major energy sources; other reports are Coal Information, Electricity Information, Natural Gas Information and Renewables Information.

The commercially available book or pdf file can be ordered here

www.oecd.org

 

New FDI Data: 6.8 Million U.S. Jobs Directly Supported by FDI in 2015

The Bureau of Economic Analysis (BEA) released highly anticipated updates to data regarding FDI Foreign Direct Investment. In 2015 (latest available data), FDI continued to play a critically important role in the American economy. 

The biggest take-away: nearly seven million U.S. jobs are directly supported by the U.S. affiliates of majority foreign-owned firms.

Read the blog post from BEA to learn more about the jobs and industries supported by FDI.

FDI in the United States in 2015

6.8 million U.S. jobs directly supported
Nearly USD 57 billion in R&D spending in the United States
 USD 353 billion towards U.S. goods exports

While the U.S. fact sheet has the latest total FDI stock figures, we are in the process of updating our state and country fact sheets to include the new data from BEA. Once the update is complete, we will announce it via email and social media. Stay tuned!

US

Note: FDI data on employment, R&D spending, exports, and more are finalised after two years. Thus, last year and up until this month, SelectUSA cited 2014 employment data. The latest total FDI stock data go back to the preceding year, which is why 2016 data is cited when referring to total FDI in the United States.

https://www.selectusa.gov

US manufacturing: Globalization, Automation and Robotization

Creditsafe's analysis of US manufacturing sector warns of possible pitfalls and severe declines

Creditsafe USA today released the findings of an in-depth analysis of the US manufacturing industry.  Despite recent overall consistent performance, the study highlights several areas of concern across the entire sector in particular the rate of bankruptcy signaling the possibility of an industry slowdown. With the manufacturing industry being the largest area of employment in the US, any decline could have a catastrophic effect on the overall US economy.

"The Creditsafe Guide: US Manufacturing—Globalization, Automation and Robotization," looks at the overall credit risk for US companies within the manufacturing sector. According to data from the Bureau of Economic Analysis, the manufacturing sector is the largest in the United States with approximately 600000 actively traded companies. Representing 16.35 % of all companies in the country, it is the biggest sector for both the number of people employed and annual sales revenue. In 2016, U.S. manufacturers contributed USD 2.18 trillion to the U.S. economy, representing 11.7 % of the overall GDP.

"Although the manufacturing industry currently appears to be healthy, there may be signs that this strength may be short lived," explained Matthew Debbage, CEO of Creditsafe USA and Asia. "The biggest indicator lies in the number of bankruptcies, with an overall bankruptcy rate of 0.34%.  While this has improved in recent years, it is still higher than the overall national average. In addition, this industry faces increasing pressures with competition from lower cost off shore importers, increasing cost of raw materials. Recent bankruptcy filings by companies such as Kansas City-based CST Industries Inc. and Georgia-based manufacturer of solar cells - Suniva, underscore the potential future for this sector."

Highlights of the report include:

  • U.S. manufacturing industry is the single largest contributor to the country's GDP accounting for 11.7% in 2016 which totalled USD 2.18 trillion.
  • Small companies—those with less than 100 employees—comprise 94.48 % of the sector as compared to 94.82 % of all U.S. businesses
  • Majority of US manufacturing businesses have been in existence longer than those in other industries with more than 23.88 % operating for two to five years as compared to only 2.32 % nationally
  • From 2012-2015, there was a 35 % decrease in the number of bankruptcies  within the manufacturing sector but the overall bankruptcy rate significantly higher than that of all other US businesses.
  • The manufacturing industry ranks third in the highest number of bankruptcies per 100000 companies with 362, following behind Construction with 459 and Other Services at 412

"Having nearly double the number of subcategories of its nearest rivals - wholesale and retail - the manufacturing industry is the most diverse of all the industry categories, ranging from pet food to electronic good manufacturers. This sector includes some of the largest companies in the world such as US Steel Corporation, General Motors and The Ford Motor Company, as well as many thousands of smaller ones. The sheer size and nature of this industry makes it extremely vulnerable to many external market forces. It is a sector that needs to be closely monitored, as it poses a significant risk to the health of overall US economy if there is continued decline," said Debbage.

Creditsafe's global database is one of the most rapidly expanding and most comprehensive in the industry. It is updated over a million times a day with information gathered from over 200 sources. In 99.9 % of the cases, reports requested by customers are delivered instantly online.  And, over 40 % of Creditsafe's customers, leverage the company's internationally reporting capabilities.

Creditsafe offers customers unlimited and open access to information and ratings on companies in every industry in almost every country. Each day, over 200000 users around the world leverage the company's database to make over 450000 business decisions.  Currently, Creditsafe has 14 offices around the world and maintains the only truly global international database of online credit information.  Globally, the company reported a 28 % growth in revenue over the past twelve months.

About The Creditsafe Group
The Creditsafe Group is the world's most used supplier of company business intelligence, with ten Creditsafe Group reports downloaded every second. Privately owned and independently minded, Creditsafe is looking to change the way business information is used by providing high-quality data in an easy to use format that every-one in an organization can benefit from.

Founded in Norway in 1997, Creditsafe has offices in countries all over the world including: the UK, Germany, France, Sweden, Ireland, Italy, Belgium, the Netherlands and the United States. Globally, Creditsafe employs over 1200 people and has more than 90000 subscription customers. Three years ago, the Creditsafe Group opened offices in the U.S. under the name Creditsafe, Inc. Its U.S. operations are headquartered in Allentown, Pa. with another facility in Phoenix, AZ.

The full report can be had at the link below.

www.creditsafe.com