September light vehicle sales came in at a 16.4 million unit rate, up 3.8% from August and up 2.1% from the 15.8 million unit rate in September 2024. Light vehicle sales have now increased for the fourth consecutive month.
Coated sheet lead times pushed higher this week after holding steady through much of the summer. Average lead times now sit at 6.8 weeks, up from 6.3 weeks last week, reaching the highest level since April.
A key measure of non-residential building project planning increased sharply again in August after a very sharp increase in July. The August Dodge Momentum Index came in at 301.4, up 7.5% from 279.9 in July.
Q2 growth in the U.S. economy accelerated at a faster rate than initially calculated. The second estimate of Q2 GRP showed an annual increased of 3.3%, up from the initial calculation of 3.0% growth.
