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July 2018

Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 151.4 million tonnes (Mt) at a capacity utilization rate, (CUR) of 78.5% in June. On a year on year, (y/y) comparison, global crude steel production in June decreased by 3.02 Mt as the capacity utilization rate rose 1.0 percentage points, the highest capacity utilization reported [...]

U.S. Manufacturing Capacity Utilization

Manufacturing capacity utilization (MCU), scored a 75.5% in June, up 0.67% month on month, (m/m), its third consecutive monthly increase. On a year on year (y/y) comparison the MCU was up 0.9%. Manufacturing fundamentals continue to improve. Both the U.S. and global economy are strengthening and at the same time, the dollar has depreciated against [...]

ISM Manufacturing Index

The Institute of Supply Management’s Index moved up 1.5 points on month, (m/m) to 60.2 for June 2018. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for twenty-two consecutive months. The new orders sub-index scored a 63.5. Overall, the ISM manufacturing index is strong [...]

Construction Put-in-Place, (CPIP):

Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in May, especially in the federal sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that May’s twelve month total, (12MT) construction expenditures grew by 4.0% year on year (y/y), to $1256.0 billion (B). On a 12MT basis, private expenditures advanced 4.8% [...]

June 2018

Consumer Confidence

The Consumer confidence index increased by 2.4 points in May according to the Conference Board. The index now stands at 128.0. Bloomberg reports that a strong job market influenced the views on the current state of the economy, as the labor market continues to post impressive gains and workers remain confident about their future. On [...]