October 2017

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 [...]

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, [...]

ISM Manufacturing Index

Manufacturing activity continued to improve in September helped by a depreciated U.S dollar and a stronger global economy. The Purchasers Manger’s Index posted a score of 60.8, up 2.0 points month on month, (m/m) surpassing analysts’ expectations. The index is now at its highest level since July 2004. The new order sub index was 64.6, [...]