May 2017

Consumer Confidence


The Conference Board Consumer Confidence Composite fell back 1.5 points in May to 117.9 points, while the three month moving average (3MMA) stood at 119.7. Despite the decline for the second consecutive month, the 3MMA is at its highest level since January 2001. The present situation has surpassed the level attained prior to the great [...]

Consumer Confidence2017-05-31T15:36:46+00:00

Advanced Durable Goods Orders


New orders for durable goods (ADG), fell -0.3% in April to $232,979 million. However on a three month moving average (3MMA), assessment, ADG was up 0.2% month on month (m/m) and up 1.1% year on year (y/y). Most of the decline for the month was attributable to a decline in non-defense aircraft orders which were [...]

Advanced Durable Goods Orders2017-05-26T18:16:58+00:00

U.S. Steel Beam Import Licenses


Beam licenses thus far in May total 29,142 tons, down 52.7% from last year’s 61,579 tons. Year to date (YTD), there have been a total of 194,775 tons of Beam license requests, down 53,312 tons or -21.5% from YTD 2016. Figure 1 shows total Beam licenses through May for both 2016 and 2017 as well [...]

U.S. Steel Beam Import Licenses2017-05-26T18:18:54+00:00

U.S. Reinforcing Steel Import Licenses


Rebar licenses thus far in May total 56,450 tons, down 64.5% from last month’s 159,020 tons. Year to date (YTD), there have been a total of 762,663 tons of rebar license requests, down 63,500 tons or 7.7% from YTD 2016. Figure 1 shows total rebar licenses through May for both 2016 and 2017 as well [...]

U.S. Reinforcing Steel Import Licenses2017-05-26T18:18:00+00:00

Portland Cement Shipments


Total cement shipments fell by 0.4% on a 3 month moving total (3MMT), year on year (y/y) basis but were up 2.3%, 3MMT y/y over for the period ending February 2017. Portland cement shipment data comes from the United States Geological Survey (USGS). Shipment data is two months in arrears. As you might expect there [...]

Portland Cement Shipments2017-05-25T20:14:39+00:00

Architectural Billings Index


The national ABI score for April was 50.9 (any score above 50 indicates an increase in billings). The ABI has been greater than 50 for three of months in a row and for five of the last six months. The Federal Reserve’s Beige Book reports that non-residential construction is strong in most parts of the [...]

Architectural Billings Index2017-06-01T16:45:10+00:00

U.S. Housing Starts and Permits


Total housing starts were reported at a seasonally adjusted (SA), annual rate of 1,221,000 for the month of April. On a three month moving average (3MMA), basis SA starts were 1,160,000, a 5.2% year on year growth rate. Single family housing starts moved-up 7.8%, 3MMA y/y, while multi-family were flat, -0.2%, 3MMA y/y, over the [...]

U.S. Housing Starts and Permits2017-05-24T20:00:21+00:00

U.S. Steel Capacity Utilization


For the week ending May 20th, US raw steel production totaled 1.741 million tons. Capacity utilization (CU), for the week was 74.7%. On a four week moving average basis, production was 1,739 M at 74.4% CU. With 20 weeks of 2017 behind us, production has averaged 1,733 M per week at 73.5% CU. Production and [...]

U.S. Steel Capacity Utilization2017-05-23T21:11:01+00:00

Chicago Fed National Activity Index


The CFNAI’s headline index surged to its highest level since November 2014. A 0.46 gain from production associated indicators was principal driver. The strong rise boosted the 3 month moving average (3MMA), its best showing since December 2014. The Chicago Fed National Activity Index is a coincident indicator of broad economic activity. It is released monthly [...]

Chicago Fed National Activity Index2017-05-31T17:28:26+00:00