Durable Goods orders increased 0.8 percent to $230.7 billion in March, according to the Commerce Department. March’s increase is the second one in the past three months and follows a 3.1 percent decrease in February and a 4.3 increase in January. The increase fell below economist consensus of 1.7- 1.9 percent. A surge in military […]
Orders for durable goods fell 2.8 percent in February for the third decline in four months. The latest report from the Commerce Department shows transportation equipment leading the decrease, down 1.2 percent last month. Civilian aircraft orders plunged 27.1 percent leading the transportation equipment descent. Inventories continued to decrease as manufacturers struggle to bring inventories […]
Orders for durable goods fell 2.8 percent in February for the third decline in four months. The latest report from the Commerce Department shows transportation equipment leading the decrease, down 1.2 percent last month. Civilian aircraft orders plunged 27.1 percent leading the transportation equipment descent. Inventories continued to decrease as manufacturers struggle to bring inventories […]
The following article on the hot rolled coil (HRC), busheling scrap (BUS), and financial futures markets was written by Dave Feldstein. As Flack Steel’s director of risk management, David Feldstein is an active participant in the hot rolled coil (HRC) futures market and we believe he will provide insightful commentary and trading ideas to our […]
Factory orders for manufactured goods grew 1.6 percent in January, following a 2.9 percent decrease in December and showing the largest increase since June. Durable goods orders rose 4.7 percent led by transportation equipment orders that were up 11.4 percent in January. Nondurable goods dropped 1.4 percent to $226.8 billion. Factory orders came in below […]
Durable goods in January rose 4.9 percent in January, reversing a December’s plunge of 4.6 and perhaps indicating stabilization for U.S. manufacturing. The January jump was the biggest monthly gain since March 2015. Orders rose for all major categories of the industrial goods but especially for autos and aircraft. The chart below, depicting the three […]
Both these data points are reported in the Federal Reserve G17 data base. The index had an all-time high of 107.9108 in December 2014 but on a month over month basis has declined for nine of the last thirteen months. January was a welcome respite with an increase of 0.92 percent, which is huge, and […]
Both of these data points are reported in the Federal Reserve G17 data base. The index had an all-time high of 107.9108 in November last year but on a month over month (m/m) basis has declined for nine of the first eleven months of 2015. This contrasts sharply with last year when in only one […]
New orders for durable goods in October rose by 3.4 percent month on month to $239.976 billion. This result was better than analyst’s expectations, largely as a result of a surge in the transportation component where non-defense aircraft increased by 81 percent. Motor vehicle and parts orders fell 2.9 percent after rising 1.0 percent in […]
The Bureau of Economic Analysis (BEA) released the third estimate of Q2 2015 Annual Revision of the National Income and Product Accounts on Thursday. The annualized growth rate in the first estimate of the third quarter was 1.49 percent, down from 3.91 percent, in the third estimate of Q2. GDP is measured and reported in […]
New orders for manufactured durable goods fell 1.2 percent in September, following a decrease of 3.0 percent in August, according to the U.S. Census Bureau. Manufactured goods have been pressured by a decrease in exports due to weak global economic conditions and a strong U.S. dollar that makes pricing for U.S. products less competitive. Transportation […]
New orders for durable goods in August declined by 2.0 percent month on month to $236.322 billion. This result was in line with analyst’s expectations and was a result of a decline in transportation orders, mainly civil aircraft. Orders excluding transportation were unchanged. The three month moving average (3MMA) rose by 1.3 percent. The 3MMA […]
New orders for durable goods in August declined by 2.0 percent month on month to $236.322 billion. This result was in line with analyst’s expectations and was a result of a decline in transportation orders, mainly civil aircraft. Orders excluding transportation were unchanged. The three month moving average (3MMA) rose by 1.3 percent. The 3MMA […]
The Durable Goods report from the US Census Bureau showed a 2 percent increase month to month of new orders in July. New orders data was stronger than expected and the second month of gain after an advance in June of 4.1 percent. July’s increase was led by orders for automotive and military goods. The […]
New orders for durable goods in June increased by 3.4 percent month on month to $235.337 billion. This exceeded analysts’ expectations but the strongest component was an increase in civil aircraft orders. Orders for motor vehicles and parts retained their strength. The three month moving average (3MMA) declined by 0.2 percent. The 3MMA has been […]
New orders for manufactured durable goods orders fell 1.8 percent or $4.1 billion or 1.8 percent to $228.9 billion in May, according the U.S. Census Bureau. Orders have decreased in three of the last four months, including a 1.5 percent decrease in April, and continue to be below the 2010-to-date trendline since late in 2014. […]
New orders for durable goods in April fell by $1.2 billion to $235.5 billion or 0.5 percent from March’s level. This was in line with analysts’ expectations. The three month moving average (3MMA) rose by 0.2 percent. There has been a sharp deviation of the 3MMA from its trend line in the last five months […]
Both these data points are reported in the Federal Reserve G17 data base. The IP index was reported as 105.22 for March, down by 0.64 from February. The three month moving average (3MMA) was 105.63, down by 0.34 from February. January was the highest value ever of the 3MMA at 106.11. The Y/Y growth rate […]
The Bureau of Economic Analysis (BEA) released the third estimate of Q4 2014 Annual Revision of the National Income and Product Accounts on Friday. The annualized growth rate in the third estimate of 4th quarter GDP was unchanged from the second estimate which was 2.2 percent but down from the first estimate which was 2.64 […]
New orders for durable goods in February fell by 1.4 percent from January’s level to $231.3 billion; economists had expected a 0.3 percent gain. The three month moving average (3MMA) fell by 1.0 percent. There has been a sharp deviation from the trend line in the last three months (Figure 1). The huge spike in […]
New orders for durable goods in December fell by 3.4 percent from November’s level to $230.5 billion, economists had expected a 0.5 percent gain. The three month moving average (3MMA) fell by 1.7 percent. The December result is a sharp deviation from the trend line that has existed since the recession, (Figure 1). The huge […]
The Bureau of Labor Statistics (BLS) report on non-farm employment indicated that 252,000 jobs were added in December, November and October were revised up by a total of 50,000. The three month moving average (3MMA) of gains in December was second only to November as the highest since May 2010 at 289,000. This job recovery […]
The article below is normally reserved for our Premium level members, but due to our holiday publishing schedule, we decided to share it with all of our readers. If you are interested in receiving our Premium product you may contact us at info@steelmarketupdate.com or (800) 432 3475. The Bureau of Economic Analysis (BEA) released the […]
Durable goods orders took an unexpected decline in November, falling 0.7 percent to $242.3 billion, according to data released by the Department of Commerce. The headline figure widely missed Bloomberg’s consensus of a 3.0 gain for the month. Defense orders dropped 8.1 percent, leading November’s decline after gaining 10 percent in October. Excluding transportation, new orders […]
The Bureau of Labor Statistics (BLS) report on non-farm employment indicated that 321,000 jobs were added in November, October and September were revised up by a total of 44,000. The three month moving average (3MMA) of gains was the highest since May 2010 at 278,000. This job recovery is stronger than was the case in […]
Durable goods orders in October rose by 0.4 percent from September to $243.8 billion but the three month moving average (3MMA) declined by 7.1 percent. The problem with the 3MMA was that the huge surge in July which was driven by civil aircraft fell out of the calculation. The October result is close to the […]
The Bureau of Labor Statistics (BLS) report on non-farm employment indicated that 214,000 jobs were added in October, September and August were revised up by 8,000 and 23,000 respectively. The three month moving average, (3MMA) has declined for four straight months but this job recovery is stronger than was the case in the mid-2000s, (Figure […]
The Institute of Supply Management released their October report on November 2nd and the report surprised analysts on the upside. The October purchasing managers index, PMI registered 59.0 up from the 56.6 reading in September and equal to the August result. Any number >50 indicates expansion and this was the seventeenth straight month in which […]
The Institute of Supply Management released their October report on November 2nd and the report surprised analysts on the upside. The October purchasing managers index, PMI registered 59.0 up from the 56.6 reading in September and equal to the August result. Any number >50 indicates expansion and this was the seventeenth straight month in which […]
Durable goods orders unexpectedly fell 1.3 percent in September for a second consecutive monthly decline. The drop follows a tumble of 18.3 percent in August. Economists were forecasting a gain of 0.5 percent for September. The disappointing performance may lead economists to revise forecasts for the third quarter GDP scheduled for release on Thursday. Current […]