January 2018

ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index fell-back 2.7 points in December to 55.9, its second decline in as many months. Despite the decline in November and December, the index represents continued growth in the nonmanufacturing segment as the fundamentals remain strong for the nonmanufacturing sector, which accounts for 88% of GDP. For the [...]

Construction Put-in-Place, (CPIP)

For the second month in a row construction spending came-in above analysts’ expectations. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that November’s twelve month total, (12MT) construction expenditures grew by 3.7% year on year (y/y), to $1224.5 billion (B). On a 12MT basis, private expenditures advanced 6.1% y/y, while, State & Local [...]

Currency Report

The monthly dollar Broad Index ended December at 96.68. The trading range over the year was between 95.16 (September) and 103.09, (January 2017) over the past 12 months. At 96.68, the dollar Broad Index is down a couple of points from to its year-to-date average of 98.43. The Federal Reserve’s December ¼ point rate hike [...]