Core Report | December 06, 2024
Total construction spending continued to increase in October, now up for the third consecutive month.
Market Update | December 04, 2024
Now up for the third consecutive month, total construction spending continued to increase in October. Total spending came in at a $2.174 trillion rate, up 0.4% from September and up 5.0% from the $2.071 trillion rate in October 2023. Despite the continued year-over-year increases, this was the smallest increase since April 2020. While non-residential construction declined, the boost in residential spending helped lift the overall number. Residential spending was up 1.5% from September and up 6.4% from October 2023.
Core Report | November 22, 2024
U.S. light vehicle production increased in October and is now up for the second time in the last three months.
Market Update | November 20, 2024
Light vehicle production totaled 966,169 units in October, up 10.1% from September and up 14.5% from the strike-impacted 843,625 units last October. On per/day basis, auto production was at its highest daily rate since April. Sales have now increased, on a year-over-year basis, in consecutive months.
Core Report | November 15, 2024
Business activity from the manufacturing sector grew strongly in the New York region in November.
Core Report | November 08, 2024
The inventory of light vehicles on dealer lots increased in October, now up for the third consecutive month.
Market Update | November 6, 2024
After slowing in September, U.S. light vehicle sales rebounded in October. Sales increased to 1.325 million units, up 13.3% from September and up 10.4% from last October. This was the largest year-over-year increase since December. Year-to-date light vehicle sales are now up 1.6% compared to the same timeframe last year. Much like in September, robust new-vehicle inventory and heightened incentives are key factors helping maintain steady sales volume. Throughout 2024, incentives for new-vehicle sales have been steadily increasing, recently reaching the highest level since early 2021.
Core Report | November 01, 2024
The Consumer Confidence Index increased in October, with the strongest monthly gain since March 2021.
Market Update | October 30, 2024
After sliding in September, confidence among U.S. consumers increased in October. The October Consumer Confidence Index came in at 108.7, up from 99.2 in September and the strongest monthly gain since March 2021. The Present Situation Index increased sharply, climbing over 14 points to 138.0. The Expectations Index, based on short-term outlook, increased to 89.1. On a six-month average basis, purchasing plans for cars and houses continued to increase, while plans for durable goods purchases also increased.
Core Report | October 25, 2024
Domestic sheet pricing has been trading in a tight range for the past four months. While that trend has continued of late, U.S. Steel/Big River Steel made a move to push pricing higher.
