December 2018

Currency Report

The dollar Broad Index posted a reading of 103.0419 for November, up 1.1% month on month. On a twelve moving average, year on year, (y/y) comparison, the Broad Index was up 6.4%. Table 1 lists the values of the U.S. dollar measured in the currency of the 17 steel trading nations that we follow as [...]

ISM Manufacturing Index

The Institute of Supply Management’s Index moved up 1.6 points month on month, (m/m) to 59.3 for November 2018. This continues the trend of the index being greater than 50, (>50 = expansion), now for 27 consecutive months. The new orders sub-index scored a 62.1.  Overall, the ISM manufacturing index is strong and fundamentals remain favorable [...]

Construction Put-in-Place, (CPIP)

Total U.S. construction spending continued to perform well in October, especially in the state and local sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that October’s twelve month total, (12MT) construction expenditures grew by 6.2% year on year (y/y), to $1296.5 billion (B). On a 12MT basis, private expenditures advanced 5.3% y/y, [...]