October 2017

Consumer Confidence

Consumer confidence soared in October as the Conference Board Consumer Confidence Composite Index rose 5.3 points to 125.9 to reach its highest level in 17 years. The composite index three month moving average (3MMA) measured 122.3, up 1.6 points month on month (m/m). On a year over year comparison, the composite index was up 25%. [...]

Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 141.43 million tonnes (Mt) at a capacity utilization rate, (CUR) of 73.5% in September. On a year on year, (y/y) comparison, global crude steel production in September increased by 4.91 Mt as the capacity utilization rate rose 5.0 percentage points. On a three month moving [...]

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in August were at a seasonally adjusted annual rate, (SAAR) of 16.463 million (M), units, down 64,000 units or 3.7% from July. On a three month moving average (3MMA), basis, sales were tracking at 16.859M, down 1.2% [...]