Consumer Credit

June, consumer credit increased at a seasonally adjusted annual rate (SAAR), of 3.9%. Revolving credit increased at an annual rate of 5.0% percent, while nonrevolving credit increased at an annual rate of 3.6% percent. Total consumer credit increased by $12.40 billion (B), in June a 32.3% month on month, (m/m) decline and less than the [...]

Employment New Jobless Claims

The U.S. labor market continued to perform well in August. Initial claims for unemployment insurance benefits remain at a historically low level. New seasonally adjusted (SA), filings for unemployment insurance benefits fell by 12,000 to 232,000 for the week ending August 12th, while the four week moving average was 240,500. On a non-seasonally (NSA), adjusted basis, [...]

China Domestic Prices

China Metals Weekly (CMW), August 10th newsletter reported that prices moved-up robustly on all product lines on a month over month (m/m), basis. Angles advanced 12.7% to $568 per ton, channels increased by 12.4% to $555. Beams rose 11.6% to $549. Wire rod priced increased 14.7% to $560 and rebar jumped by 12.9% to $545 [...]