Consumer Credit

Total consumer credit increased by $20.50 billion, (B) in October, well above analysts’ expectations for the second month in row. Analyst projections for October were for $17.6B. The increase in October was the largest monthly increase since November 2016, when it rose by $24.5 billion. Non-revolving credit moved-up by $12.2B, $1.1B more than in September. [...]

Currency Report

On a three moving average, (3MMA) y/y comparison, the dollar was down 4.6% against the Broad Index. The dollar Broad Index was 98.89 on November 29th, it has traded in a range of 95.16, (September) to 103.13, (January) over the past 12 months. At 98.89, the dollar Broad Index is close to its year-to-date average [...]

The Baltic Dry Index

The three month moving average (3MMA), of the Baltic Dry Index (BDI), for November moved-up 7.7% to 1,434 month on month (m/m). The index has moved higher in each of the last four months, (3MMA). On a 3MMA year on year basis, (y/y), the BDI was 55.4% higher. The BDI has averaged 1,112 over the [...]

Consumer Confidence

Consumer confidence soared again in November as the Conference Board Consumer Confidence Composite Index rose 3.3 points to 129.5 to reach its highest level in 17 years. This make five monthly increases in a row. The composite index three month moving average, (3MMA) measured 125.4, up 3.0 points month on month (m/m). On a year [...]

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in September were at a seasonally adjusted annual rate, (SAAR) of 18.918 million (M), units, up 2.464 M units or up 15.0% from August. On a three month moving average (3MMA), basis, sales were tracking at 17.489M, [...]