June 2018

Consumer Confidence

The Consumer confidence index increased by 2.4 points in May according to the Conference Board. The index now stands at 128.0. Bloomberg reports that a strong job market influenced the views on the current state of the economy, as the labor market continues to post impressive gains and workers remain confident about their future. On [...]

Architectural Billings Index

May’s ABI national overall score of 52.8 was up 0.8 points from April’s 52.0 but still in the expansionary zone, (>50). U.S. architecture firms with emphasis on commercial and/or institutional specialization reported exceptional strong billings. Regionally activity was especially strong in the Southern region. The new projects inquiry index came in at 59.3, up 2.7 [...]

Currency Report

The dollar Broad Index posted a reading of 97.95 for May, up 2.7% month on month. On a twelve moving average, (12MMA) year on year, (y/y) comparison, the dollar was down 1.6% against the Broad Index. Figure 1 shows the track of the Broad Index from 2000 to present. Year on year, the U.S. Dollar [...]

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in April were at a seasonally adjusted annual rate, (SAAR) of 12.346 million (M), units, down 55,000 units or 0.4% from March. Figure 1 shows the history of light vehicle sales (domestic plus imports), from 2010 to [...]