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June 2018

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in April were at a seasonally adjusted annual rate, (SAAR) of 12.346 million (M), units, down 55,000 units or 0.4% from March. Figure 1 shows the history of light vehicle sales (domestic plus imports), from 2010 to [...]

ISM Manufacturing Index

The Institute of Supply Management’s Index moved up 1.4 points month on month, (m/m) to 58.7 for May 2018. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for twenty-one consecutive months. The new orders sub-index scored a 63.7, its twelfth month in a row [...]

­­­Construction Put-in-Place, (CPIP)

Total U.S. construction spending continued to perform well in April, especially in the federal sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that April’s twelve month total, (12MT) construction expenditures grew by 4.1% year on year (y/y), to $1250.2billion (B). On a 12MT basis, private expenditures advanced 5.1% y/y, while, State & [...]

May 2018