U.S. Economy / Markets Articles
Most states add jobs year-over-year but not since May; most PPIs remain mild in June
Seasonally adjusted construction employment increased in 38 states and the District of Columbia from June 2013 to June 2014 and decreased in 12 states, an AGC analysis of Bureau of Labor Statistics (BLS) data released today showed. The producer price index (PPI) for final demand increased 0.3%, not seasonally adjusted (0.4%, seasonally adjusted), in June and 1.9% over 12 months, the Bureau of Labor Statistics reported on Wednesday.
July 21, 2014 – AEM
AEM CE Stock Index Up 0.1 Percent For Week Closing July 18.
The AEM Construction Equipment Index rose last week - five out of the ten companies in the index had higher stock prices on July 18 compared to closing prices on July 11.
July 21, 2014 – AEM
US factory output rises for 5th straight month in June, boosting economy after dismal 1Q
U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. The modest gain underscored manufacturing's role in helping return the economy to growth after a grim first quarter.
July 16, 2014 – U.S News & World Report
Survey: Growth forecast lowered to 3 percent for the second quarter
Business economists have lowered their estimates for economic growth in the second quarter following news of a significant contraction during the first three months of the year.
July 14, 2014 – The Hill
Manufacturers Cautiously Upbeat about Second Half of 2014
Manufacturers continue to wrap their heads around the fact that growth in the early months of 2014 has been more disappointing than originally anticipated, but at the same time, they are cautiously upbeat about the second half of the year.
July 14, 2014 – National Association of Manufacturers
Starts jump in June, Reed says; several reports point to growth in diverse segments
The value of nonresidential construction starts in June jumped 14% compared with June 2013, Reed Construction Data reported today, based on data it collected. The Dodge Momentum Index "gained 3.3% in June, its third consecutive increase following hesitation in February and March," McGraw Hill Construction reported on Wednesday.
July 14, 2014 – AEM
AEM Index Down 2.0 Percent For Week Closing July 11
The AEM Construction Equipment Index fell last week - nine out of the ten companies in the index had lower stock prices on July 11 compared to closing prices on July 3.
July 11, 2014 – AEM
Federal Reserve plans to end stimulus in October
The Federal Reserve will end its stimulus program in October if US economic growth continues at its current pace, minutes from its June meeting released Wednesday revealed.
July 9, 2014 – BBC News
June employment, May spending rise for construction; most metros add jobs in May
Nonfarm payroll employment rose by 288,000, seasonally adjusted, in June and 2,495,000 (1.8%) over 12 months, the Bureau of Labor Statistics (BLS) reported today. Construction employment rose by 6,000 for the month and 186,000 (3.2%) over the year to 6,015,000, the highest total since June 2009.
July 3, 2014 – AEM
AEM Index Down 0.5 Percent For Week Closing June 27.
The AEM Construction Equipment Index fell last week - six out of the ten companies in the index had lower stock prices on June 27 compared to closing prices on June 20.
June 27, 2014 – AEM
40 states, DC add jobs in May; surveys show varied trends for housing, nonres activity
Seasonally adjusted construction employment increased in 40 states and the District of Columbia from May 2013 to May 2014 and decreased in 10 states, an AGC analysis of Bureau of Labor Statistics (BLS) data released on June 20 showed. Housing starts slumped 6.5% at a seasonally adjusted annual rate in May from April but rose 9.4% compared with May 2013 levels, the Census Bureau reported on June 17.
June 27, 2014 – AEM
U.S. second-quarter growth forecasts cut on tepid consumer spending
U.S. consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth.
June 26, 2014 – Reuters
U.S. Economy Shrank in First Quarter by Most in Five Years
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.
June 25, 2014 – Bloomberg
Markit Manufacturing Index in U.S. Increases to 57.5 From 56.4
The Markit Economics preliminary index of U.S. manufacturing increased to 57.5 in June, the highest since May 2010, from 56.4 a month earlier, the London-based group said today.
June 23, 2014 – Bloomberg
AEM Index Up 2.2 Percent For Week Closing June 20
The AEM Construction Equipment Index rose last week - nine out of the ten companies in the index had higher stock prices on June 20 compared to closing prices on June 13.
June 20, 2014 – AEM
Equipment Financing Confidence Dips from Two-Year High
The Equipment Leasing & Finance Foundation has released its June 2014 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
June 20, 2014 – Lift & Access
US central bank cuts growth forecast for 2014
The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%.
June 18, 2014 – BBC News
At Year's Midpoint, Manufacturers Expect Better Second Half
Despite a very weak start to 2014, there is an expectation among manufacturers that the second half of the year will be better than the first. Indeed, average manufacturing sales forecasts are the highest in two years.
June 16, 2014 – National Association of Manufacturers
AEM Index Down 1.5 Percent For Week Closing June 13
The AEM Construction Equipment Index fell last week - eight out of the ten companies in the index had lower stock prices on June 13 compared to closing prices on June 6.
June 16, 2014 – AEM
PPIs remain calm overall but rise for finished buildings; oil-by-rail niche mushrooms
The producer price index (PPI) for final demand slid 0.3%, not seasonally adjusted (-0.2%, seasonally adjusted), in May and rose 2.0% over 12 months, the Bureau of Labor Statistics reported today. Consultancy Rider Levett Bucknall (RLB) reported on Monday that its National Construction Cost Index increased 1.15% in the first quarter of 2014, the most since mid-2008, based on data it collected in 12 cities.
June 13, 2014 – AEM