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Day 1, CONEXPO 2020
EDITOR’S NOTE: Eric Best, engine research analyst at Power Systems Research, is walking the floor at CONEXPO 2020, looking for new engine and power train products. Here is his report on two innovative companies.
Eric Best FPT Industrial
FPT has bought out a methane/natural gas company, a battery company, and a hydrogen company, and my contact has no worries about the future of electrification or alternative fuels.
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We Expect 2020 NA Overall OEM Production To Be Flat
This article initially appeared in the February 2020 issue of PowerTALK News.
SUMMARY. The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.
Yosyf Sheremeta Consumer confidence declined slightly in December, following a moderate increase in November. The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019.
Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”
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