Consumer Credit

June, consumer credit increased at a seasonally adjusted annual rate (SAAR), of 3.9%. Revolving credit increased at an annual rate of 5.0% percent, while nonrevolving credit increased at an annual rate of 3.6% percent. Total consumer credit increased by $12.40 billion (B), in June a 32.3% month on month, (m/m) decline and less than the [...]

Employment New Jobless Claims

The U.S. labor market continued to perform well in August. Initial claims for unemployment insurance benefits remain at a historically low level. New seasonally adjusted (SA), filings for unemployment insurance benefits fell by 12,000 to 232,000 for the week ending August 12th, while the four week moving average was 240,500. On a non-seasonally (NSA), adjusted basis, [...]

Non-Residential Consensus Forecast for 2017 and 2018

In its July update, the American Institute of Architects (AIA) consensus non-residential forecast is for aggregate spending to increase by 3.8% year on year (y/y), in 2017. Non-residential spending is projected to increase an additional 3.6% in 2018. Twice per year, the American Institute of Architects (AIA), publishes its non-Residential Consensus Forecast. The consensus forecast [...]

Employment by Industry

The nation's economy is performing well and its prospects through 2018 remain good. On August 4th, the Bureau of Labor Statistics (BLS) reported that 209,000 new jobs were created in July. This brings the total number of seasonally adjusted (SA), non-farm people employed in the US in July to 146.615 million (M), +0.14% month on [...]

Currency Report

The Broad (or trade weighted US dollar index), Index fell year on year, (-1.2%) for the first time in three years. The monthly Broad Index recorded a value of 96.77 for July, down in each of the last six months from its high of 102.78 in January. Table 1 lists the values of the US [...]

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 [...]