Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 142.08 million tonnes (Mt) at a capacity utilization rate (CUR) of 73.6% in April. This was a 3.1 point increase from last Mays’ 70.5% capacity utilization and the highest since September 2015. At the three month moving average (3MMA), rate of current output, annual production [...]

Consumer Credit

Total consumer credit increased by $8.20 billion (B), in April down substantially from March’s $19.54B and far below analyst’s expectations. Both revolving and installment credit fell month on month, (m/m). The 3 month moving average (3MMA) total credit was $14.75B. On a non-seasonally adjusted (NSA), year on year, (y/y) basis, total consumer credit increased by [...]