Portland Cement Shipments

Cement consumption ticked up in June after a down month in May. For the three months total (3MMT), ending June, national Portland cement shipments rose by 0.8% on a 3MMT year on year (y/y), basis. Four of the nine census regions posted higher 3MMT cement shipments y/y. Portland cement shipment data comes from the United [...]

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 [...]

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 [...]