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June 2018

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

Global Crude Steel Production and Capacity Utilization

Worldsteel Association (WSA) reports that global crude steel production totaled 148.32 million tonnes (Mt) at a capacity utilization rate, (CUR) of 76.9% in April. Production down 0.6% m/m, and up 4.1% y/y. The Capacity Utilization Rate was up 2.4 percentage point’s m/m, and also up 2.4 percentage point’s y/y. The World Steel Association (worldsteel) currently [...]

Currency Report

The dollar Broad Index posted a reading of 95.2 for April, relatively flat month on month yet still close to its lowest level in since July of 2015. The rate of decline has moderated over the past month likely because of the FEDs indication that there will be three and perhaps four interest rate hikes [...]