Latest Industry Trends News
Global GDP Growth Forecast Raised to 2.9% for 2026
S&P Global upgraded its 2026 global real GDP growth forecast to 2.9%, matching 2025 levels, driven by higher US and India projections. January PMI data indicated improved manufacturing output and new orders, though services lagged and geopolitical trade concerns persist.
Eurozone growth also edged up, aided by Germany's outlook.
Meta Platforms Announces $600B AI Data Center Investment
Meta will invest $600 billion in US AI-powered data centers by 2028, including $135 billion in 2026. The company partnered with AMD for in-house silicon and considers Alphabet's TPUs for 2027.
This boosts AI infrastructure amid regaining AI trade momentum.
US Industrial Production Rises 0.7% in January
US industrial production increased 0.7% in January, beating estimates, with manufacturing up 0.6% and utilities gaining 2.1%. Capacity utilization stood at 76.2%, while durable goods orders fell 1.4% in December.
Non-defense capital goods orders rose 0.6%, signaling business spending.