Incorporating: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
gasworld business intelligence predicts positive growth over the five years. Growth rates of between 2.1% p.a. and 3.8% p.a. can be expected up to 2020. The market is currently dominated by Airgas, followed by Praxair.
New England’s economic growth has remained relatively low and steady since 2000. The region dropped into recession during the financial crisis with a decrease of -5.5% in 2009. There was also a decline in 2011, but the contraction in the economy was minimal (-0.9%).
Industrial Production, as measured by the Industrial Production Index (IPI) has not fared as well as the GDP. IPI has faced harsher and more prolonged periods of decline, the first being witnessed between 2001 and 2002 - and the second in 2008 and 2009 – where IPI declined by -3.4% and -8.0%, respectively.
Report Data: 2016
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