July 2018

Global Crude Steel Production and Capacity Utilization


Worldsteel Association (WSA) reports that global crude steel production totaled 151.4 million tonnes (Mt) at a capacity utilization rate, (CUR) of 78.5% in June. On a year on year, (y/y) comparison, global crude steel production in June decreased by 3.02 Mt as the capacity utilization rate rose 1.0 percentage points, the highest capacity utilization reported [...]

Global Crude Steel Production and Capacity Utilization2018-08-01T20:28:04+00:00

U.S. Manufacturing Capacity Utilization


Manufacturing capacity utilization (MCU), scored a 75.5% in June, up 0.67% month on month, (m/m), its third consecutive monthly increase. On a year on year (y/y) comparison the MCU was up 0.9%. Manufacturing fundamentals continue to improve. Both the U.S. and global economy are strengthening and at the same time, the dollar has depreciated against [...]

U.S. Manufacturing Capacity Utilization2018-07-26T14:47:02+00:00

U.S. Industrial Production


The June Industrial production, (IP) report gained 0.6% month on month, (m/m). This after a disappointing negative 0.5% change in May. On a three month moving average. On a year on year, (y/y) basis, the IP index was up 3.8%. Overall capacity utilization rose 0.6 percentage point, while manufacturing capacity utilization decreased by 0.03% m/m. [...]

U.S. Industrial Production2018-08-01T21:12:46+00:00

U.S. Steel Capacity Utilization


The total tonnage for the week ending July 14th was 1,783 million tons, (Mt) at a capacity utilization rate of 776.1%. For the first 28 weeks of 2018, total tonnage output was 49,435 Mt, at an average capacity utilization rate of 75.5%. In 2017, the same 28 weeks production total was 48,566 Mt at 73.8%. [...]

U.S. Steel Capacity Utilization2018-07-19T14:28:41+00:00

Oil and Gas Rotary Rig Counts


The total number of operating rigs in the U.S. the week as of July 13th was 1,054 with 863 oil rigs and 189 gas. In percentage terms, on a month on month, (m/m) basis, oil rigs were relatively flat, (+2 rigs) as gas rigs decreased by 2.3% (-5 rigs). On a year on year, (y/y) [...]

Oil and Gas Rotary Rig Counts2018-07-19T20:28:49+00:00

ISM Manufacturing Index


The Institute of Supply Management’s Index moved up 1.5 points on month, (m/m) to 60.2 for June 2018. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for twenty-two consecutive months. The new orders sub-index scored a 63.5. Overall, the ISM manufacturing index is strong [...]

ISM Manufacturing Index2018-07-19T14:51:30+00:00

ISM Non-Manufacturing Index


The Institute for Supply Management’s non-manufacturing composite index increased by 0.5 of a point month on month, (m/m) to a still very strong 59.1 in June. The indexes is off strong start in 2018, up 1.6% 3MMA y/y. The strong advance in the index points to continued growth in the nonmanufacturing segment as the fundamentals [...]

ISM Non-Manufacturing Index2018-07-13T19:57:10+00:00

Construction Put-in-Place, (CPIP):


Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in May, especially in the federal sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that May’s twelve month total, (12MT) construction expenditures grew by 4.0% year on year (y/y), to $1256.0 billion (B). On a 12MT basis, private expenditures advanced 4.8% [...]

Construction Put-in-Place, (CPIP):2018-07-10T20:10:05+00:00