August 2017

US Steel Mill Shipments and Domestic Consumption of Long Products

For the 12 months ending June 2017, US mill shipments of long products fell 660,000 tons or 2.9%. US domestic consumption of long products fell 464,000 tons or 1.7% over the same timeframe. Import share of long products averaged 23.9% over the past 12 months, up 1.0% year on year, (y/y). Table 1 presents data [...]

Non-Residential Consensus Forecast for 2017 and 2018

In its July update, the American Institute of Architects (AIA) consensus non-residential forecast is for aggregate spending to increase by 3.8% year on year (y/y), in 2017. Non-residential spending is projected to increase an additional 3.6% in 2018. Twice per year, the American Institute of Architects (AIA), publishes its non-Residential Consensus Forecast. The consensus forecast [...]

Employment by Industry

The nation's economy is performing well and its prospects through 2018 remain good. On August 4th, the Bureau of Labor Statistics (BLS) reported that 209,000 new jobs were created in July. This brings the total number of seasonally adjusted (SA), non-farm people employed in the US in July to 146.615 million (M), +0.14% month on [...]

Dodge Momentum Index

The Dodge Momentum Index fell 4.6 points in July to 135.0 or -3.3% month on month, (m/m) from its revised June reading of 139.6. A 6.5% decline in the institutional sub-index was the main reason for the drop. The Momentum Index is a monthly measure of the initial report for nonresidential building projects in planning, [...]

Currency Report

The Broad (or trade weighted US dollar index), Index fell year on year, (-1.2%) for the first time in three years. The monthly Broad Index recorded a value of 96.77 for July, down in each of the last six months from its high of 102.78 in January. Table 1 lists the values of the US [...]