Analytical instrument and lab product company executives’ expectations have diminished since last fall, according to the latest IBO Business Climate Survey. This is not a surprise considering updated macroeconomic forecasts. In April, the International Monetary Fund revised its January projections for global growth downward two-tenths of a percentage point to 3.2%. This followed a February […]

Due to low oil and gas prices in Canada, planned government and company expenditures on corporate construction, and machinery and equipment is projected to decrease 4.4% this year to CAD $241.6 billion ($186.6 billion). So far, capital expenditures for 2016 in the private sector have decreased 9.3%, hitting CAD $157.4 billion, while public companies’ expenditures […]

According to Chemical and Engineering News’s (C&EN) latest annual capital and R&D spending survey, 18 US and European chemical companies stated that 2015 R&D levels were virtually the same as 2014. Total R&D spending made up 3.4% of companies’ revenues, while R&D spending for all surveyed firms increased 0.3% from $9.88 billion to $9.91 billion. […]

IBO’s first report of 2016 for new laboratories outlines the construction and opening of labs in various sectors, including government, academia and biotechnology. On page 4, a table detailing the establishment of selected labs can be found, including new labs in the pharmaceutical industry. Government Various countries in Asia have broken ground on or approved […]

Last week, the Canadian government released details of its federal budget for fiscal 2016. To further scientific and technological innovation, Budget 2016 proposes CAD 95 million ($72.1 million) be provided per year on an ongoing basis for “discovery research.” This includes CAD 30 million for the Canadian Institutes of Health Research, and the Natural Sciences […]