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The industry continues to build customer demand, which drives the growth of the equipment rental industry. Listening to ARA members from around the country and looking at the forecast of IHS Global Insight, there is unlimited potential for the equipment rental industry
According to IHS Global Insight, the US and EU sanctions that target Iranian oil exports and the Central Bank of Iran are harsher and more punitive than previously enacted sanctions, and will likely push the Iranian economy into recession.More quotes »
Newsday's coverage
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DiNapoli: Cuomo budget plan increases debt burden
4.6 percent increase in wages and salaries, and employment growth of 1.3 percent. In contrast, independent forecaster IHS Global Insight expects total wages to rise only 2.8 percent in 2013, and employment to grow 0.9 percent, the comptroller said.He also Read more »
Around the web
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Rental Revenue to Top $38 Billion in 2013
MOLINE, Ill.--(BUSINESS WIRE)--The equipment rental industry in the United States is expected to generate $33.6 billion in revenue in 2013, according to the May forecast from the American Rental Association’s (ARA) Rental Market Monitor™. This figure rep 5/20/13 from Business Wire Read more »
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Public sector wages continues to rise despite pay freeze
Howard Archer, economist at IHS Global Insight, said lower earnings were a "serious concern" for growth prospects as consumer spending is held back. "Earnings growth remains extremely weak, which is hitting consumers’ purchasing power appreciably especia from The Telegraph Read more »
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German biotech drugs sales soar 11% in 2012
Commenting on the figures, analysts at IHS Global Insight point out that last year's fast growth in biotech drug sales followed stagnation in the sector the year before. This had reportedly been the result of the raising of the mandatory discount on non- from PharmaTimes Read more »
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China Makes Industrial, Retail Gains
By William Kazer China recorded a modest improvement in its industrial output and retail sales in April but the slight gains were not enough to erase concerns over a weak recovery for the world's second-largest economy.Analysts said that upturn was even from Wall Street Journal Read more »
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BoE keeps rates at record low and opts for no more QE
Howard Archer, of IHS Global Insight, expects the decision to hold off from more monetary stimulus was the result of a tightly split vote, possibly even as close as 5-4 against more QE. Sir Mervyn, Paul Fisher and David Miles have voted for a £25bn incre from The Telegraph UK Read more »
