About jwhitebynum

This author has not yet filled in any details.
So far jwhitebynum has created 224 blog entries.

The Baltic Dry Index

The three month moving average (3MMA), of the Baltic Dry Index (BDI), for July was 914 down 10.5%, 3MMA month on month (m/m), but up 41.5%, 3MMA year on year, (y/y). The BDI has corrected since peaking above 1,300 points in the spring rally. Despite this correction, shipbrokers remain positive that the market will improve [...]

ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index fell back more than analysts expected in July, dropping 3.5 percentage points to 53.9. Most economists expect non-manufacturing to pick-up over the next several months since consumer spending remains robust and construction activity is holding-up well. On a 3 month moving average basis (3MMA), the index scored [...]

ISM Manufacturing Index

The Institute for Supply Management’s manufacturing index for continues to perform well despite a 1.5 point drop to 56.3 in June, which was in-line with analysts’ expectations. The decline stemmed from a 3.1 point drop in new orders to a still very strong 60.4. Fourteen of 18 industries reported growth in new orders to include [...]

Construction Put-in-Place

U.S. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that June total construction expenditures grew by 4.1% year on year (y/y), to $1208.9 billion (B). Private expenditures advanced 7.4% y/y, while, State & Local contracted by 4.5% y/y. Non-residential CPIP increased by 6.0% y/y to $570.6B led by strong performances for Commercial, Office, [...]

US GDP Q2 2017

The annualized Gross Domestic Product (GDP), growth rate in the first estimate of the second quarter (Q2), of 2017 was 2.57% according to the Bureau of Economic Analysis (BEA). This value was not as high as originally forecast but was up nicely from the revised 1.24% posted for the first quarter. Stronger consumer spending was [...]