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2.4 EUROPE--Italy
According to the latest data published in September by the ISTAT, Italian National Institute of Statistics, Italy’s GDP increased by 0.4% in the second quarter of 2017 with respect to the first quarter of 2017 and by 1.5% in comparison with the second quarter of 2016. Unemployment rate dropped to 11.../images/up/News/20171120128260531.jpg
2.4 EUROPE--Germany
Germany is the largest economy in the EU, accounting for 28% of the region’s GDP. The country’s low unemployment rate, low crime, developed infrastructure, and a highly qualified labor force all work in its favor. As of 2015, consumption expenditures are the main driving force. Beside the refugee im...
2.4 EUROPE
Reported by BSRIA After going through two recessions in 2008 and 2011, the European economy has started to grow and hopefully this time many investors and economists have concluded that this latest eurozone recovery is indeed built on firm foundations. BSRIA has seen a recovery on the chiller an.../images/up/News/201711201182681682.jpg
2.2 CHINA
After having experienced a slump in 2015, the chiller market in China was recovering in 2016 thanks to higher consumption and construction of some large public projects, commercial real estate projects, industrial projects, as well as projects related to water conservation, rail transit, nuclear pow.../images/up/News/201711200112889223.jpg
2 REGIONAL: 2 1 N. AMERICA
According to the IMF, the U.S. GDP growth rate in 2016 was 1.6%. This is lower than the 2.6% growth rate posted in 2015, putting a question mark on the strength of economic recovery in the country. The U.S. equipment market is holding steady, with more than 5% growth in 2014 and 2015, 4% growth in 2.../images/up/News/20171120014897865.jpg
World Chiller and Air-side Equipment Market: 1 OVERVIEW
Chillers are the main product in central air conditioning systems. They are adopted mainly in factories for process cooling and are also used for air conditioning in large commercial complexes. The largest systems are used for district heating and cooling. In addition to these air conditioning appli.../images/up/News/2017111923335898918.jpg
ICS Cool Energy issues chiller legislation guide
Nov 10, 2017 With a number of alterations to the way industrial cooling systems are specified set to come into effect from January 1 2018, ICS Cool Energy has launched a new guide for UK manufacturers, to help clarify these changes. The free to access guide covers a number of key areas relating .../images/up/News/2017111210174449344.jpg
New sales manager joins Dunham-Bush
Nov 10, 2017 Dunham-Bush has appointed David Taylor as regional sales manager of its Heating division. Mr Taylor will be primarily responsible for developing sales of trench and perimeter heating systems. He brings a wealth of experience in this field having spent over twenty-one years at Jag.../images/up/News/2017111210154367399.jpg
Public-private collaboration for low-energy buildings
November 7, 2017 Lessons from China Clay Nesler, VP, global sustainability and industry initiatives, Johnson Controls, recently discussed the importance of an ongoing collaboration between the United States and China for improving energy efficiency for buildings. Nesler shared his insights at VERG.../images/up/News/20171192161699295.jpg
Johnson Controls Announces Chiller Equipment Price Increase
November 7, 2017 Sustained increases in commodity costs, driven by rising demand for several metals, and industry consolidation in the technical tube supply base for refrigerant heat exchangers have forced Johnson Controls to increase prices on chiller equipment produced in the company’s North Amer.../images/up/News/201711925342144.jpg
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