October 2017

U.S. Reinforcing Steel (Rebar) Final Imports – August

Rebar final imports to the US were down 19.0% year to date (YTD), year on year (y/y), totaling 1,250,961 tons for the eight months ending August 2017. August rebar imports were 66,220 tons, 57.7% lower than the YTD average of 156,370 tons. Figure 1 charts the largest exporting countries in rank order on a YTD [...]

U.S. Industrial Production

Industrial production bounced back in September, up 0.3% month on month, (m/m), after taking a 0.9% dip in August. Production was broad based. Utilities and mining posted gains, which were unexpected due to the damage caused by the recent hurricanes. Manufacturing production disappointed however, up a weaker than expected 0.1% m/m. Manufacturing production was up [...]

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 [...]