September 2017

U.S. Manufacturing Capacity Utilization

Manufacturing fundamentals continue to improve. Both the U.S. and global economy are strengthening and at the same time, the dollar has depreciated against the Broad Index, (basket of countries’ currencies that the U.S trades with). In addition, inventories that were previously seen as a drag on production have now shifted to a supporting role. Manufacturing [...]

U.S. Industrial Production

After six consecutive monthly gains, the Industrial production declined 0.9% month on month, (m/m) in August. Early indications are that hurricane Harvey’s impact reduced the score by 0.75 percentage point. Manufacturing industries most effected by the wind and flooding damage include; petroleum refining, organic chemicals and plastics and resins. Mining output slowed by 0.8% in [...]

US Steel Mill Shipments and Domestic Consumption of Long Products

For the 12 months ending August 2017, US mill shipments of long products* increased by 2.9%. US domestic consumption of long products increased by 0.9% over the same timeframe. Import share of long products averaged 21.1% over the past 12 months, down 1.5% year on year, (y/y). Table 1 presents data for long product steel [...]

Producer Price Index for Construction

The Bureau of Labor Statistics (BLS), Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output. We have witnessed over time that this technique is excellent for measuring price inflation or deflation on construction materials and structures. The U.S. producer prices index (PPI), for final all [...]