On a three month moving average, (3MMA) basis, total carbon steel shipments averaged 140.3, climbing 4.6% year on year, (y/y). Bar & shapes, plate and structural shipments led the advance, each recording double-digits percentage increases. Table 1 shows percentage change results for shipments, daily intake and inventory level. In all cases the percentage change references [...]
The January Bureau of Labor Statistics producer prices index, (PPI) for all commodities was up 0.7% month on month, (m/m). On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 4.4%. Most of the increase in this month’s numbers can be attributed to higher fuel prices. PPI The all commodities index [...]
Referencing data from the U.S. Census Bureau’s construction put-in-place (CPIP) shows that infrastructure spending, (not seasonally adjusted in constant 2009 dollars) decreased by 1.1%, 12 months year on year, (y/y) to $166.6 billion, (B). On a three month y/y comparison, spending was down 14.9% to $43.4. Momentum, (3 month change minus 12 month change) was [...]
The Dodge Momentum Index fell 5.1% to 136.7 in January after a significant upward revision to the December score. On a year on year, (y/y) comparison, the composite index was up 1.4%. The commercial sub-index posted a significant decrease for the month, while the institutional index declined slightly. The Dodge Momentum Index is a monthly [...]
U.S. national Portland cement shipments in November totaled 8.81 million, (Mt) short tons. For the three months total (3MMT), ending November, cement shipments were up slightly year on year, (y/y). Five of the nine census regions posted higher 3MMT cement shipments y/y. Figure 1 shows the three month moving average shipments in tons per month on [...]
Total U.S. construction spending came in above the consensus estimate in December. This was the fifth month in a row of gains in construction expenditures. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that December’s twelve month total, (12MT) construction expenditures grew by 3.6% year on year (y/y), to $1226.9 billion (B). On a [...]
The U.S. Census Bureau reported today that; new orders for durable goods orders increased $7.0 billion or 2.9% to $249.4B in December. New orders have increased in four of the past five months. November durable goods orders were revised upwards to +1.7% month on month. Shipments of manufactured goods advanced by 0.6% in December to [...]
The national ABI score for December fell-back from November’s 55.0 to 52.9 in December. This score still reflects an increase in design services provided by U.S. architecture firms. It also marks three consecutive months of readings of growth in design billings. The new projects inquiry index was 61.9, up 0.8 of a point from last [...]
On a tons per day basis, shipments were 126.6, down 11.8% month on month, (m/m). December is traditionally a slower shipment month as inventories are lowered for tax reasons. On a three month moving average, (3MMA) basis, year to date, (YTD) year on year, (y/y) comparison, total carbon steel shipments increased by 7.0%. Bar & [...]
The December Bureau of Labor Statistics producer prices index, (PPI) for all commodities was up 0.3% month on month, (m/m). On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 4.5%. The all commodities index has moved higher in each of the last 13 months on a y/y basis. Figure 1 [...]
