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Capital goods industries have posted some impressive numbers over the past year with Corporate America flush with cash and fueling efficiency-enhancing CAPEX programs. The recovery in light vehicles has been robust as well, but the performance of other consumer-oriented industries has been mixed. The demand for high-tech equipment, which was impressive through last year, has stalled out; while construction-related industries have been the weak sister within manufacturing. Which of those markets will rebound or gather momentum through 2013 ensuring that manufacturing remains the growth leader in the US economy?
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John Bauman is a senior economist for IHS Global Insight Industry and Pricing and Purchasing Services. In this position, he is the analyst responsible for forecasting the production, demand and cost of high-tech equipment and services. In addition, he helps manage the U.S. Industry Risk service, modeling a myriad of factors and compiling an overall score for each of the industry sectors IHS Global Insight covers.
As well, he produces the U.S. Industry Capital Expenditures product each quarter, maintaining the historical database issued by the U.S. BEA and generating the annual forecast for seven equipment categories plus structures. Bauman’s specific areas of expertise include semiconductor, computer and communication equipment manufacturing, software and US industry capital expenditures and risk analysis. He regularly interacts with clients regarding IHS Global Insight’s outlook for the high-tech equipment and services sectors.
Mr. Bauman joined IHS Global Insight in 2003. Prior to that time, he was a statistical methodologist for a pharmaceutical marketing research firm. He earned a M.A. in Economics from Duke University and a B.A. in History from La Salle University.
Ken is a Principal in the IHS Global Insight Industry Practices Group. where he continues his work in capital goods and freight transportation research. Currently Ken publishes monthly reports on the truck and trailer industries and a quarterly report covering the freight car industry. Ken also provides the detailed analysis of the machinery and off-highway equipment markets available through the Industry and Pricing and Purchasing Services.
Ken began his professional career in the early 1970’s working for the economic consulting and investment-banking firm Lionel D. Edie & Company. It was here that Ken first began to follow the capital goods and freight transportation markets. Lionel D. Edie was purchased by Merrill Lynch in the mid-1970’s, and Ken became part of the industrial consulting arm of Merrill Lynch Economics.
In recent years Ken has been the author of the US Freight Transportation Forecast published by the American Trucking Association. Ken also contributes the US and Canadian sections to the IHS Automotive Group World Truck Industry Forecast Report. Ken is a frequent speaker at association meetings, including, the National Truck Equipment Association, The Forging Industry Association, The American Moving and Storage Association, The Truck Trailer Manufacturers Association, and the Equipment Leasing Association. Ken has a BBA from St. Francis College in Brooklyn and an MBA from Wagner College on Staten Island.
As a principal for the Industry Practice at IHS Global Insight, Mr. Runiewicz is responsible for projections about the U.S. industrial economy, including special aspects about output, prices, revenues, costs, wages, productivity and profit margins. Mr. Runiewicz authors sections in IHS Global Insight US Economic, Industry Analysis and Pricing and Purchasing services publications. He has expertise in the paper and lumber, construction, steel, agricultural and service sectors. Additional responsibilities include product line forecasting and consulting for clients that include many of the Fortune 500 and national trade associations. He has over 30 years of experience in the economic forecasting and consulting industry. Before joining IHS Global Insight, Runiewicz was a Certified Public Accountant with Brinker, Simpson & Company, LLP specializing in tax and financial public accounting. Prior Senior economist at Data Resources Inc. in government consulting and agricultural forecasting; Market research economist at Doane Information Services specializing in commodity analysis; and Economist at Wharton Econometric Forecasting Associates (WEFA) working in the International Agricultural Service.
Mr. Runiewicz received a M.S. in Agricultural Economics and Operations Research in 1980 from Pennsylvania State University. He also earned a B.S. in 1976 in Commerce and Finance from Wilkes University. He became a CPA in 1996.
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