Owing to the substantial uncertainty stemming from both COVID-19 and the impact of social distancing measures on the U.S. economy, investment in equipment and software is projected to contract severely in 2020, to between -8.6 and -13.5 percent. Similarly, the U.S. economy is expected to have its worst year in decades, with annual growth slowing…
Reflecting the growing effects of the COVID-19 pandemic, home builder confidence in the market for newly-built single-family homes plunged 42 points in April to 30, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The decline in April was the largest single monthly change in the history of the…
As communities, states, and countries around the globe continue to address the health crisis created by COVID-19, personal protection equipment (PPE) for medical personnel and first responders remains in high demand. To help address this need in their community, team members from Genie, a Terex brand, headquartered in Redmond, Wash., have been working on a…