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U.S. Industrial Production

Industrial production moved-up 0.9% in October, month on month, (m/m) besting analyst’s consensus forecast. This was the strongest monthly gain since April of this year. Production was broad based, manufacturing production also recorded its best gain since April, surging 1.3% m/m as capacity utilization advanced 0.6%. Industrial production is a pure measure of output, untainted [...]

Architectural Billings Index

The national ABI score for October rebounded to 51.7 after dipping below the 50 threshold in September. Regional monthly scores were: The South 50.8, Midwest 49.0, Northeast 54.0 and the West 49.8. The Architecture Billings Index (ABI), is a leading economic indicator that provides an approximately nine to twelve month glimpse into the future of [...]

U.S. Infrastructure Spending

Referencing data from the U.S. Census Bureau’s construction put-in-place (CPIP) shows that total infrastructure spending, (not seasonally adjusted in constant 2009 dollars) decreased by 5.3% three months year on year, (y/y) to $50.3 billion, (B). On a twelve month y/y comparison, spending was down 4.5% to $167.0B resulting in negative 0.8% momentum. Table 1 presents [...]