IHS Markit Related Content

ARA Forecasts Rise in Equipment Rental Revenue and Investment in 2021 and Beyond

The outlook for equipment rental revenue remains positive for 2021 and beyond, according to the American Rental Association’s updated third quarter forecast, with the association projecting a 3% increase in 2021 compared with 2020. read more

ARA Forecasts 3.5% Y/Y Increase in Equipment Rental Revenue in 2021

According the American Rental Association’s updated second quarter forecast, equipment rental revenue is expected to exceed $47.8 billion in 2021, which would be nearly a 3.5% increase over 2020 and greater than last quarter’s forecast, which called for a 3.1% increase this year. read more

ARA Expects Equipment Rental Revenues to Surpass Pre-COVID-19-Pandemic Peak in 2022

Equipment rental revenue, comprised of the construction/industrial and general tool segments, is expected to explode past its previous peak totals in 2022, according to the latest forecast released by the American Rental Association. read more

IHS Markit: Energy Companies Turn to Renewables for Oil and Gas Operations

IHS Markit research revealed that oil and gas field operations are beginning to be fueled by renewable energy to reduce carbon emissions associated with operations. read more

IHS Markit’s Data Lake Catalogue Unites Over 1,000 Datasets on One Platform

IHS Markit’s Data Lake unites its vast data assets into a single catalogued platform. The cloud-based platform stores, catalogues and governs access to structured and unstructured data. read more

IHS Markit Report Shows Softened Economy

Reuters reported that the IHS Markit U.S. manufacturing purchasing managers index (PMI) had a reading of 50.1, its lowest since September 2009. read more

IHS Markit Launches New Forecasting Model to Meet 2020 FASB Standard

IHS Markit launched its economic and financial scenario solution designed to help banks comply with the current excepted credit loss (CECL) estimation required under the FASB standard going into effect in 2020. read more

IHS Markit Reports Improvement in Manufacturing Business Conditions

The latest survey data from IHS Markit signaled a marked improvement in business conditions across the U.S. manufacturing sector in May. read more

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