September 2017

U.S. Merchant Steel Import Licenses

Total Merchant licenses, (representing 10 HTS codes), year to date, (YTD) through September 14th totaled 708,424 tons, down 23.1% from last year’s 921,552 tons. Month to date, there have been a total of 15,816 tons of Merchant license requests, well down last month’s 81,066 tons and 82.7% lower than the YTD average through August of [...]

ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index moved-up 1.2 points in August to 55.3, a nice turn-a-round after July’s disappointing 3.5 point drop. The results were generally positive, as new orders and employment both improved. The trade details were mixed. New exports orders rose while imports fell. The non-manufacturing index is important to keep an [...]

Beige Book Summary

The Federal Reserve’s September Beige Book indicates that the economy continues to improve. This summary covers the period from the end of June through August 28th.  Little of the impact from hurricane Harvey was captured in this summary.  It was mentioned that the flood caused many firms to close, a fifth of the oil and [...]

U.S. Non-farm Employment Net Job Creation

Total nonfarm payroll employment increased by 156,000 in August, and the unemployment rate was little changed at 4.4% according to the September 1st, U.S. Bureau of Labor Statistics, (BLS) report. Employment growth has averaged 176,000 per month thus far this year, slightly less than the average monthly gain of 187,000 in 2016. Job gains arose [...]

Currency Report

The Broad Index (also known as the trade-weighted US dollar index, is a measure of the value of the United States dollar relative to other world currencies), fell year on year, (y/y) for the second month in a row. The last time the broad index declined on a y/y basis was July 2014. On a [...]