May 2018

Currency Report

The dollar Broad Index posted a reading of 95.2 for April, relatively flat month on month yet still close to its lowest level in since July of 2015. The rate of decline has moderated over the past month likely because of the FEDs indication that there will be three and perhaps four interest rate hikes [...]

Employment by Industry

For the month of April, there were good gains in both construction and manufacturing. The total number of seasonally adjusted (SA), non-farm people employed in the U.S. in April was 148.424 million (M), an increase of 0.11% month on month, (m/m). The SA service providing sector employed 127.865M people in April, up 115,000 jobs, 0.09% [...]

­­­Construction Put-in-Place, (CPIP)

Total U.S. construction spending continued to perform well in March, especially in the federal sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that March’s twelve month total, (12MT) construction expenditures grew by 3.8% year on year (y/y), to $1241.9billion (B). On a 12MT basis, private expenditures advanced 5.0% y/y, while, State & [...]

Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 148.33 million tonnes (Mt) at a capacity utilization rate, (CUR) of 74.5% in March. Production was down by 15.944 Mt month on month but the CUR was up 0.9 percentage points over February. WSA reports that on a year on year, (y/y) comparison, global crude [...]