Suppliers: Claim your company for free to make updates to your profile and view your analytics dashboard ico-arrow-default-right
Welcome to Thomas Insights — every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s top stories delivered straight to your inbox.
Welcome to the Thomas Index Report for the week of January 3rd.
Last month, PwC released a new report forecasting the future of the engineering and construction sectors looking ahead into 2022. The report said that even despite the ongoing labor shortages and enduring supply chain challenges, the two sectors were well-positioned for growth in the coming months.
Even the chief economist for the Associated Builders and Contractors trade association shared an optimistic outlook in a recent webinar, saying that the new infrastructure package will help to further fuel already rising state and local construction spending this year.
Our data illustrates a similarly positive perspective as we look back at sourcing activity over the past few months compared to Q4 2021. On the Thomasnet.com platform, we’re seeing spikes in demand for engineering services, which is currently up 627% over Q3, while demand for welders is up 308% over last quarter figures. Searches for general contractors are up 250% over Q4, and searches for architects are up 79% recently compared to activity over the past few months.
Before we wrap up today’s Report, I want to mention an upcoming Thomas webinar we’ll be hosting on January 12th at 1 pm ET. Our free Q4 2021 Industrial Sourcing and Supply Chain Activity Webinar will discuss last quarter’s sourcing trends, industry and region-specific sourcing growth, and our team’s predictions for upcoming Q1 2022 sourcing activity. Plus, webinar attendees will get exclusive access to bonus data not shared in our quarterly sourcing eBooks or Index Report videos. Register today at this link, and I’ll see you there.
I’m Tony Uphoff, and this is the Thomas Index Report.
Image Credit: Thomas Index Report
Thomas IndexU.S. Department of Energy Allocates $3 Billion in Infrastructure Funding to EV Battery Manufacturing
Thomas IndexAmid Record High Port Delays, U.S. Shipping Services Demand Up 310%
Thomas IndexReverse Logistics Booms as Americans Return 17% of All Retail Purchases
Thomas IndexBillions in Automotive Manufacturing Investments Drive Surge in Sourcing Activity
Thomas IndexWhat Does the Paper Shortage Mean for American Manufacturers?
Select From Over 500,000 Industrial Suppliers
Find and evaluate OEMs, Custom Manufacturers, Service Companies and Distributors.
Stay up to date on industry news and trends, product announcements and the latest innovations.
Find materials, components, equipment, MRO supplies and more.
Download 2D & 3D CAD Models
10+ million models from leading OEMs, compatible with all major CAD software systems.
Copyright© 2022 Thomas Publishing Company. All Rights Reserved. See Terms and Conditions, Privacy Statement and California Do Not Track Notice. Website Last Modified June 24, 2022. Thomas Register® and Thomas Regional® are part of Thomasnet.com. Thomasnet Is A Registered Trademark Of Thomas Publishing Company.