Fabricated Beam final imports to the U.S. were down 25% YoY, and up 11% MoM in July 2019, coming in at 39,655 tons. There are four HTS codes considered in this report. These include: Bridge/Bridge Section, Fabricated Structural – Other, Fabricated Beams and Fabricated Beams – Other. Sixty-five percent of the volume is classified as [...]
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Total U.S. construction spending continued to perform well in August 2019, especially in the state/local, and federal sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that August’s twelve month total, (12MT) construction expenditures grew by 1.9% year on year (y/y), to $1307.0 billion (B). On a 12MT basis, private expenditures decreased slightly [...]
The Institute of Supply Management’s Index moved down 1.3 points on month, (m/m) to 47.8 for September 2019. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for thirty-five consecutive months. The new orders sub-index scored a 50.8. Overall, the ISM manufacturing index is [...]
The Institute for Supply Management’s non-manufacturing composite index decreased by 1.2 points month on month, (down 2.1% MoM) to 55.2 in September. The ISM nonmanufacturing survey measures the rate and direction of change in activity in nonmanufacturing industries. Surveys are sent to more than 370 purchasing managers in 17 industries. Survey responses reflect the change [...]
The total number of operating rigs in the U.S. the week as of September 27th was 713 oil and 146 gas (totaling 860). In percentage terms, on a month on month, (m/m) basis, oil rigs were down 3.9% and gas down 9.9%. On a year on year, (y/y) comparison, rigs were down 17.4% for oil [...]
The U.S. Census Bureau reported that; new orders for durable goods orders decreased by 0.2% month on month, (m/m) in August, following the 2.0% increase in July. The always-volatile nondefense aircraft orders, increasing 30.3% m/m and down 3.5% y/y influenced this trend significantly. The Advance Report on Durable Goods (DG), provides statistics on manufacturers' value [...]
August’s ABI national overall score of 47.2 was down 2.9 points from July’s 50.2, which is slightly under the expansionary zone, (>50). U.S. architecture firms specializing in commercial and industrial facilities likewise reported a drop in design activity in August, coming on the heels of a significant downturn in July. Firms concentrating in the multifamily [...]
On a three month moving average, (3MMA) basis, August total carbon steel shipments averaged 139,500 tons per day, compared to 153,300 tons per day in August 2018 (-9.0 % year on year, YoY). Figure 1 shows percentage change results for shipments, daily intake and inventory level. In all cases the percentage change references 3MMA y/y. [...]
Manufacturing capacity utilization (MCU), scored a 75.7% in August, up 0.4% month on month (m/m), and down 0.4% year on year (y/y) Figure 1 charts capacity utilization from 2000 to present. The MCU index is currently in the green zone which is considered to be ideal. After a long run at the bottom of the [...]
The total tonnage for the week ending September 14th was 1,811 million tons, (Mt) at a capacity utilization rate of 77.9%. The year to date tonnage output is 69,983 Mt, at an average capacity utilization rate of 81.1%. In 2018, the same output total was 64,240 Mt at 76.3%. Figure 1 shows production on the [...]