U.S. Economy / Markets Articles
Construction employment rises again; Fed, IHS surveys find worker-shortage worries
Nonfarm payroll employment increased by 203,000, seasonally adjusted, in November and 2,293,000 (1.7%) over 12 months. Informal soundings of businesses in the 12 Federal Reserve districts “indicated that the economy continued to expand at a modest to moderate pace from early October through mid-November.”
December 6, 2013 – AEM
US trade gap narrows in October as oil exports surge
The US trade gap narrowed in October, as rising sales of oil pushed US exports to a record high, the US Commerce Department has said.
December 4, 2013 – BBC News
Manufacturing Picks Up After Summer Lull
Based on data released last week, manufacturing activity has largely picked up since the summer, an acceleration that is welcome after softness over the past year or so.
December 3, 2013 – National Association of Manufacturers
Construction spending, number of metros with job gains rise in October
Construction spending in October totaled $909 billion at a seasonally adjusted annual rate, up 0.8% from the September total and up 5.3% from October 2012. Construction employment increased in 215 out of 339 metropolitan areas (including divisions of larger metros) in the 12 months through October, declined in 74 and was flat in 50.
December 2, 2013 – AEM
Manufacturing Expands for Sixth Consecutive Month, ISM Reports
Manufacturing continued to expand in November, reaching its highest level of the year, according to the Institute for Supply Management's monthly manufacturing index released today.
December 2, 2013 – Industry Week
Worst Raw-Material Slump Since '08 Seen Deepening
The commodity slump that spurred bear markets in everything from gold to corn to sugar this year will deepen by the end of December as prices head for their first annual loss since 2008, if history is any guide.
December 1, 2013 – Bloomberg
AEM CE Stock Index Up 1.0 Percent For Week Closing November 29
The AEM Construction Equipment Index rose last week – seven out of the ten companies in the index had higher stock prices on November 29 compared to closing prices on November 22. The AEM Construction Equipment Stock Index rose 1.0 percent for the week ending November 29. The S&P 500 Average Index rose 0.1 percent.
November 29, 2013 – AEM
AEM CE Stock Index Up 0.3 Percent For Week Closing November 22
The AEM Construction Equipment Index rose last week – seven out of the ten companies in the index had higher stock prices on November 22 compared to closing prices on November 15. The AEM Construction Equipment Stock Index rose 0.3 percent for the week ending November 22. The S&P 500 Average Index rose 0.4 percent.
November 22, 2013 – AEM
U.S. Cement Consumption to Reach Nearly 80 Million Tons in 2013, PCA Reports
The Portland Cement Association last week said it expects 2013 cement consumption to reach nearly 80 million metric tons, a 4.5-percent increase over 2012. Consumption levels will reach 86 million metric tons in 2014, an 8.1 percent year-over-year gain, PCA said.
November 22, 2013 – RER
Job gains spread to 39 states; material, labor costs remain mild; starts rise, MHC says
In October, seasonally adjusted nonfarm payroll employment increased from a year earlier in 49 states and decreased in Alaska and the District of Columbia. The producer price index (PPI) for finished goods fell 0.2%, not seasonally adjusted (and seasonally adjusted), in October and inched up just 0.3% over 12 months.
November 22, 2013 – AEM
Equipment Lease Finance Industry Confidence Improves in November
The Equipment Leasing & Finance Foundation just released the November 2013 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 56.9, an increase from the October index of 54.0, demonstrating an overall steady industry outlook despite continuing concerns about the U.S. economy and the negative impact of federal government fiscal policies.
November 21, 2013 – Compact Equipment
Budget cuts hit federal, supplier demand for space; suburban, medical offices pick up
Federal budget cuts are affecting demand for space by both the government and its suppliers. About 36 million U.S. residents, or 11.7% of all Americans, moved between 2012 and 2013, the Census Bureau reported today in Geographical Mobility: 2012 to 2013.
November 18, 2013 – AEM
Slow Pace of Manufacturing Growth Starts to Pick Up
Following the slowest pace of growth in output since January 2010, manufacturing has begun to see a pickup in new orders and overall sentiment.
November 18, 2013 – National Association of Manufacturers
AEM CE Stock Index Up 0.6 Percent For Week Closing November 15
The AEM Construction Equipment Index rose last week – eight out of the ten companies in the index had higher stock prices on November 15 compared to closing prices on November 8. The AEM Construction Equipment Stock Index rose 0.6 percent for the week ending November 15. The S&P 500 Average Index rose 1.6 percent.
November 15, 2013 – AEM
U.S. Economy Growing Faster than Forecast
The U.S. economy has been increasing a bit faster than expected, with real GDP up a surprisingly strong 2.8 percent in the third quarter.
November 12, 2013 – National Association of Manufacturers
Construction hits 50-month high in employment, adds to private and public GDP gains
Nonfarm payroll employment increased by 204,000, seasonally adjusted, in October and 2,329,000 (1.7%) over 12 months as the estimates for August and September were revised substantially up. Real (net of inflation) gross domestic product (GDP) increased 2.8% at a seasonally adjusted annual rate in the third quarter, up from 2.5% in the second quarter, the Bureau of Economic Analysis reported on Thursday.
November 11, 2013 – AEM
AEM CE Stock Index Up 0.1 Percent For Week Closing November 8
The AEM Construction Equipment Index rose last week – even as six out of the ten companies in the index had lower stock prices on November 8 compared to closing prices on November 1. The AEM Construction Equipment Stock Index rose 0.1 percent for the week ending November 8. The S&P 500 Average Index rose 0.5 percent.
November 8, 2013 – AEM
Despite the Shutdown, Job Growth Was Surprisingly Good in October
Talk about an October surprise. Just when everyone was expecting a weak jobs report because of the government shutdown, the U.S. economy added 204,000 jobs last month, according to the Bureau of Labor Statistics.
November 8, 2013 – Bloomberg
Economy grows at faster pace than expected during the summer
The U.S. economy grew faster than expected in the third quarter as businesses restocked shelves, but a slowdown in consumer and business spending pointed to an underlying weakness.
November 7, 2013 – NBC News
Reports Vary on Pace of Manufacturing Activity
Manufacturers continue to report a pickup in activity, even as the pace of growth has varied in the different reports that have come out in the past week.
November 4, 2013 – National Association of Manufacturers