May 2018

­­­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 [...]