U.S. Infrastructure Spending

Referencing data from the U.S. Census Bureau’s construction put-in-place (CPIP) shows that total infrastructure spending, (not seasonally adjusted in constant 2009 dollars) decreased by 4.5% three months year on year, (y/y) to $49.4 billion, (B). On a twelve month y/y comparison, spending was down 1.9% to $173.4B resulting in negative 2.6% momentum. Table 1 presents [...]

Consumer Credit

Total consumer credit increased by $13.10 billion, (B) in August, well off analysts’ expectations of $16B. Non-revolving credit moved-up by $7.3B, while revolving credit advanced by $5.8B. Consumer credit increased at a seasonally adjusted annual rate (SAAR), of 4.2%. Revolving credit increased at an annual rate of 7.2% percent, while nonrevolving credit increased at an [...]

Employment by Industry

For the first time in nearly seven years the U.S. economy lost jobs as the latest jobs report from the Bureau of Labor Statistics (BLS) reported that the economy shed 33,000 jobs in September. The job losses can be attributed to a sharp employment decline in food services and drinking places and below growth-trend in [...]

Currency Report

After a rapid rise between 2014 and 2016, the Broad Index, has fallen month on month, (m/m) for the eight month in a row. On a three moving average, (3MMA) y/y comparison, the dollar has fallen for seven consecutive months. A falling dollar is good news for steel companies and manufacturers that export. Figure 1 [...]

Portland Cement Shipments

Cement consumption moved-up in July for the second month in a row. For the three months total (3MMT), ending July, national Portland cement shipments rose by 2.6% on a 3MMT year on year (y/y), basis. Five of the nine census regions posted higher 3MMT cement shipments y/y. Figure 1 shows the three month moving average shipments [...]

Dodge Momentum Index

The Dodge Momentum Index fell 3.1 points in August to 129.1 or -2.3% month on month, (m/m) from its revised July reading of 132.2. A large drop in the commercial sub-index was the main reason for the decline. The Momentum Index is a monthly measure of the initial report for nonresidential building projects in planning, [...]