The Institute for Supply Management’s manufacturing index for June increased by 2.9 percentage points month on month (m/m), to 57.8, besting analyst expectations. New orders surged points percentage points 5.3 m/m. This was the second consecutive gain and puts the index back above 60 for the first time since March. Fifteen of the 18 industries that [...]
The total number of operating rigs in the US the week ending July 5th was 956, 733 oil and 184 gas. Month on month (m/m), oil rigs were up 3.1% and gas rigs were up 1.1%, for an overall increase of 2.6%. On a year on year (y/y) comparison, rigs have more than doubled, up [...]
The three month moving average (3MMA), BDI for June was 1,022, down 8.4%, 3MMA month on month (m/m), but up 66.8%, 3MMA year on year, (y/y). The BDI is a shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials. The Baltic Dry Index offers a forward [...]
