Currency Report

On a three moving average, (3MMA) y/y comparison, the dollar was down 4.6% against the Broad Index. The dollar Broad Index was 98.89 on November 29th, it has traded in a range of 95.16, (September) to 103.13, (January) over the past 12 months. At 98.89, the dollar Broad Index is close to its year-to-date average [...]

ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index fell-back 2.7 points in November to 57.4, falling short of analysts’ expectations. Last month the index rose to its highest level since October 2003. Despite the decline in November, the index represents continued growth in the nonmanufacturing segment as the fundamentals continue to be supportive for nonmanufacturing, [...]

ISM Manufacturing Index

The November Purchasers Manger’s Index posted a score of 58.2, falling 0.5 point month on month, (m/m) and a bit lower than analysts’ expectations. Despite the decline, the index remains at elevated levels. The new orders index climbed 0.6 point to 64.0, its six month in a row over 60. The index remains in line [...]

­­­Construction Put-in-Place

Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that October total construction expenditures grew by 2.2% year on year (y/y), to $1220.9 billion (B). Private expenditures advanced 6.4% y/y, while, State & Local contracted by 2.8% y/y. Non-residential CPIP increased by 3.3% y/y to $569.6B. Construction spending came-in above expectations in October at [...]

The Baltic Dry Index

The three month moving average (3MMA), of the Baltic Dry Index (BDI), for November moved-up 7.7% to 1,434 month on month (m/m). The index has moved higher in each of the last four months, (3MMA). On a 3MMA year on year basis, (y/y), the BDI was 55.4% higher. The BDI has averaged 1,112 over the [...]