September 2018

Currency Report

The dollar Broad Index posted a reading of 100.92 for September, up 1.7% 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 [...]

Construction Put-in-Place, (CPIP)

Total U.S. construction spending continued to perform well in July, especially in the state and local sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that July’s twelve month total, (12MT) construction expenditures grew by 4.8% year on year (y/y), to $1271.7 billion (B). On a 12MT basis, private expenditures advanced 4.7% y/y, [...]

ISM Manufacturing Index

The Institute of Supply Management’s Index moved up 3.2points month on month, (m/m) to 61.3 for August 2018. This value is an encouraging sign for the manufacturing sector, as it is the highest index since February 2011. The index has also been greater than 50, (>50 = expansion) for thirty consecutive months. The new orders sub-index [...]