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Daily Update — November 5, 2026

Bioenergy with Carbon Capture and Storage; October Global Manufacturing Production; and AI-Powered Robotics

Today is Thursday, November 5, 2026, and here’s your curated selection of Essential Intelligence on global markets from S&P Global. Subscribe to be notified of each new Daily Update.

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Energy Expansion

Listen: Carbon removals coming of age: BECCS and the future of carbon markets

 

Bioenergy with carbon capture and storage (BECCS) has been one of the most promising and contested carbon removal technologies. In this episode of the “Energy Evolution” podcast, three practitioners shaping the market joined host Eklavya Gupte to discuss how the technology is moving from theory to practice at scale for carbon markets, energy producers and industrial emitters.

 

Jan-Willem Bode, president of Puro.earth, mapped the state of carbon removal certification; Alex Clayton, chief carbon officer at Gevo, offered a ground-level view from an operating BECCS facility in North Dakota; and Kaja Voss, CEO and founder of Inherit Carbon Solutions, explained how Europe is pursuing a different but complementary path to geological storage.

Economy

Global PMI signals solid factory output growth in October but price growth accelerates amid shortages

 

Worldwide manufacturing production in October continued to expand at one of the strongest rates in five years, according to Purchasing Managers’ Index survey data. However, supply chain bottlenecks and resulting capacity constraints remained widely reported. The consequent lack of supply relative to demand enabled an increasing number of factories to pass higher costs to customers, leading to accelerating average selling prices and signaling one of the steepest inflation rates seen over the past four years.

 

Rising demand and increasing work backlogs were more widely reported for investment goods producers, reflecting relatively price-inelastic demand for AI- and defense-related purchases. Meanwhile, the demand growth of consumer goods producers lagged, facing more price-conscious households amid falling affordability in many economies.

Artificial Intelligence

AI-Powered Robotics: Expanding The Market, Reshaping The Economics

 

AI will boost industrial robotics’ long-term growth prospects by reducing the cost and complexity of deploying automation. As a result, it could become increasingly economical to automate applications involving frequent changes in production processes or substantial programming requirements.

 

However, robot manufacturers may benefit less than their customers as greater equipment flexibility and utilization could partly offset demand. This could allow software providers to capture a share of the resulting economic value. According to the International Federation of Robotics, global industrial robot installations rose 11% year over year to a record 603,000 units in 2025, while operational stock increased 9% to about 5.1 million units. Structural demand drivers such as labor shortages, productivity requirements and manufacturing investment remain supportive, although growth continues to vary across regions and customer industries. S&P Global Ratings expects AI-related improvements in programming, simulation and application engineering to materialize before large-scale autonomous robotic capabilities become commercially viable.

In case you missed it

  • October shipping traffic through the Strait of Hormuz rose to its highest monthly level since July despite a decline in VLCC traffic and mounting regional threats, S&P Global Commodities at Sea data showed.
  • Indonesia's thermal coal output is expected to fall in 2026. The decline in seaborne supply could be even more pronounced, highlighting a widening disconnect between headline production and the volume of coal available to overseas buyers.
  • The UK government confirmed its commitment to increasingly share budget revenue and spending responsibilities with local governments in its Fiscal Devolution Roadmap.

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