WWEMA/Boenning Leading Demand Index suggests conditions improving for water/wastewater infrastructure projects
Index jumps in Q3, outlook strong for 2017 projects.
LEESBURG, VA, OCTOBER 6, 2016 -- The Water and Wastewater Equipment Manufacturers Association (WWEMA) and Boenning & Scattergood Inc. have released the 2016 3QWWEMA/Boenning Leading Demand Index,formulated to provide insight into near-term market and funding conditions related to municipal water and wastewater projects. The Index increased slightly in the third quarter reversing the recent downward trend suggesting an improving outlook for water and wastewater infrastructure products in 2017. According to the report’s author, Boenning & Scattergood Managing Director Ryan Connors, this indicates the outlook for the sector appears to be improving.
A review of the market and the five key factors that make up the Index indicate that water and wastewater utilities are continuing to expand their payrolls, water and wastewater equipment demand improved notably in recent months, water stocks rebounded sharply in the third quarter, ductile iron pipe prices reversed their second quarter slide, and the housing market remains a wild card that could complicate the recovery.
The full report includes charts relating to these factors, depicting data and trends dating back three to five years, as well as additional background and analysis. It is available exclusively to WWEMA members. For information on WWEMA and membership, visit www.wwema.org
Since 1908, WWEMA has informed, educated, and provided leadership on the issues that shape the future of the water and wastewater industry. Its member companies supply the most sophisticated leading-edge products and technologies, offering solutions to every water-related environmental problem and need facing today’s society.
Boenning and Scattergood’s investment banking group provides comprehensive mergers and acquisitions, corporate finance, and capital markets advice to leading private and public middle-market companies in a diverse range of industries. Additional company information is available at www.boenninginc.com.