Industrial Production Surged in August Industrial production surged 0.6% in August, with widespread gains. The 0.5% rise in manufacturing alleviates concerns about the factory sector's slowdown. Wells Fargo Existing Home Sales Beat Expectations Existing home sales beat expectations, rising in August. Wells Fargo Federal Reserve Cut Interest Rates for the Second Time On Wednesday the [...]
July Retail Sales Surpassed Expectations July retail sales surpassed expectations. Rising 0.7 %, gains were broad-based with ten of the thirteen categories seeing an increase in sales over the month. Wells Fargo US Drill Rigs Running Down From Previous Count There were 934 drill rigs operating in the US last week, down 8 rigs from [...]
Increasing Raw Material Costs Driving SBQ Prices Up Increasing raw material costs driving SBQ prices up by $1 per hundredweight ($20/per ton) across all grades with market participants reporting lead times for hot rolled bar that extend into early February 2019. AMM's price assessment for 1 inch round 1000 series hot rolled bar was at [...]
Industrial Production Strongest 12-Month Change Since 2010 The industrial production STRONGEST 12-month change since 2010, rose 0.4% in August and is up 4.9% over the past year. NBER US Raw Steel Production Rose Last Week US raw steel production rose 0.5% last week to an ACUR of 80.2% (it's been quite awhile since we have seen this- [...]
Industrial Production Rose 0.5 Percent in March Industrial production rose 0.5 percent in March. Utilities accounted for more than half the gain but mining and manufacturing, led by autos, also expanded. Wells Fargo April 2018 Empire State Manufacturing Survey Reports Solid Growth The Federal Reserve Bank of New York released its April 2018 Empire State [...]
Industrial production increased 0.6 percent in June Industrial production increased 0.6 percent in June after declining 0.3 percent in May. For the 2nd quarter as a whole, industrial production fell at an annual rate of 1.0 percent, its third consecutive quarterly decline. Capacity utilization for the industrial sector increased 0.5 percentage point in June to [...]
Industrial Production Increased in July Industrial production increased 0.6 percent in July after moving up 0.1 percent in June. In July, manufacturing output advanced 0.8 percent primarily because of an increase in motor vehicle assemblies. The output of motor vehicles and parts jumped 10.6 percent and production elsewhere in manufacturing edged up. The index for [...]
The Conference Board Leading Economic Index Confirms a Positive Outlook Released on 6/18, the Leading Economic Index (LEI) for the US increased 0.7 percent in May following a 0.7 percent April increase and a 0.4 percent increase in March. Increasing sharply again in May, the Leading Economic Index confirms a positive outlook for more economic [...]
Conference Board Leading Economic Index The Leading Economic Index (LEI) for the US increased 0.2 percent in January following increases in both December and November.” The US Leading Economic Index increased again in January, but its pace of growth has moderated in recent months. While the LEI suggests a positive short term outlook in 2015, [...]
