Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. the week as of December 13th was 667 oil and 129 gas (totaling 796). In percentage terms, on a month on month, (m/m) basis, oil rigs were down 1.0% and gas down 0.0%. On a year on year, (y/y) comparison, [...]
The U.S. Census Bureau reported that; new orders for durable goods orders increased by 0.6% month on month, (m/m) in October, following the 1.4% decrease in September. The always-volatile nondefense aircraft orders, increasing 10.7% m/m and down 38.5% y/y influenced this trend significantly. The Advance Report on Durable Goods (DG), provides statistics on manufacturers' value [...]
October’s ABI national overall score of 52.0 was up 2.3 points from September’s 49.7, which is slightly over the expansionary zone, (>50). U.S. architecture firms specializing in commercial and industrial facilities likewise reported a drop in design activity in October, coming on the heels of a significant upturn in September. Firms concentrating in the multifamily [...]
U.S. Service Center Shipments: On a three month moving average, (3MMA) basis, October total carbon steel shipments averaged 137,100 tons per day, compared to 150,400 tons per day in May 2018 (-8.9 % year on year, YoY). Overall carbon steel inventory is down 15.4% YoY. Figure 1 shows percentage change results for shipments, daily intake [...]
