June 2017

Employment New Jobless Claims


New non-seasonally adjusted (NSA), filings for unemployment insurance benefits rose by 10,300 to 229,500 for the week ending June 24th, while the four week moving average was 228,500. On a seasonally (SA), adjusted basis, new claims rose by 2,000 to 244,000. The increase in jobless claims is not to concerning since employment statistics are not [...]

Employment New Jobless Claims2017-06-30T20:45:46+00:00

China Domestic Prices


According to the June 29th China Metals Weekly (CMW) newsletter, prices were up across all product lines on a week on week (w/w), basis. Angles edged up 2.4% to $491 per ton, channels and beams each increased by 0.7% to $484 and $483 respectively. Wire rod priced were up 2.4% to $466 and rebar increased [...]

China Domestic Prices2017-06-30T20:43:27+00:00

Growth of US GDP Q1 2017


The annualized Gross Domestic Product (GDP), growth rate in the third estimate of the first quarter (Q1), of 2017 was revised upwards to 1.4%. This was a 0.2 point upward revision from the first estimate and a 0.7 point upward revision from the dismal 0.7% first estimate. The largest drivers were durable goods spending and [...]

Growth of US GDP Q1 20172017-06-30T20:50:23+00:00

Architectural Billings Index


The national ABI score for May was 53.0, up 2.1 points above April’s score, (> 50 indicates an increase in billings). The ABI has been greater than 50 for four of months in a row and for seven of the last eight months. The new projects inquiry index was 62.4, up 2.2 points month on [...]

Architectural Billings Index2017-06-30T20:48:26+00:00

U.S. Housing Inventory and Prices


Housing inventory of existing homes was 4.2 months’ supply in May. It was 4.6 months for new houses. This is a low number by historic standards. Low supply coupled with low interest rates results in higher prices.  A total of 610,000 homes changed hands in May. According to Census Bureau data, the national average price [...]

U.S. Housing Inventory and Prices2017-06-28T21:07:22+00:00

Advanced Durable Goods Orders


New orders for durable goods (ADG), decreased by 1.1% in May to $228.2 billion. On a three month moving average (3MMA), assessment, ADG was down 1.3% month on month (m/m) and down 0.3% year on year (y/y). The good news is that primary metals advanced 0.3% and were up 12.5% from a year earlier. The [...]

Advanced Durable Goods Orders2017-06-27T21:05:17+00:00

Chicago Fed National Activity Index


After surging to its highest level since November 2014, the CFNAI fell back -0.26 in May. Despite the roll-back, the three month moving average (3MMA), remained positive (0.04). Only one of the four sub-indexes that make up the headline index made a positive contribution in May. Sales, orders and inventories category made a contribution of 0.02 [...]

Chicago Fed National Activity Index2017-06-27T21:10:52+00:00

US Industrial Production


The overall Industrial Production (IP) index on a three month moving average (3MMA), basis ticked up 0.41% month on month and by 0.72% year on year (y/y), in May following a large increase in April and smaller increases in February and March. The index now stands at 105.0% of its 2012 average. The index for [...]

US Industrial Production2017-06-23T13:42:04+00:00