3.3 Via Metals Service Center Institute, U.S. service center steel shipments increased by 3. 3% in November from the same time a year ago. Steel product inventories, however, decreased 17.7% from November 2015. 20 From JBKnowledge’s fifth annual Construction Technology Report (via BuiltWorlds.com), since 2012, 20% more participants in the survey now rank mobility as “very important” when evaluating technology solutions to purchase. 86 A recent AHR Expo and ASHRAE Journal survey sent to more than 1,400 HVACR manufacturers worldwide shows there is growing optimism for improving economic prospects in 2017. Based on survey results, 86% of the respondents expect their sales to grow in the coming year. 8 From HARDI’s Data Driven Newsletter, the HVACR national association reports the 2016 average annual sales growth for HARDI distributors will end up in the “eight-and-change” neighborhood, the best performance of this economic recovery period. 7 The early January Baker Hughes Rig Count in the U.S. showed an increase of seven rigs to 665. That early January number is one higher than the same timeframe in 2016. In Canada, the rig count was up to 205, an increase of 48 from the last reporting period and an increase of 39 compared to the same January timeframe in 2016. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons. 32 From a new survey by Clutch, a B2B ratings and review site, 32% of millennials surveyed say they are likely to leave their job within the next six months compared to 11-12% of GenXers and boomers. 23 From that same AHR Expo survey, 23% of respondents indicated their sales had increased significantly from 2015 to 2016 (by more than 10%), while 34% noted sales had increased somewhat (up 10%) during the same timeline. 85 The National Electrical Contractors Association in its NECA Technology e-newsletter cites data that shows 85% of CEOs surveyed in the United States say they don’t have time to strategize in response to disruption or innovation.
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