Industry Review Economics, Transportation & Commercial Vehicles. ACT Research Webinar October 20, 2015
|
|
- Shannon Hamilton
- 5 years ago
- Views:
Transcription
1 Industry Review Economics, Transportation & Commercial Vehicles ACT Research Webinar October 20, 2015
2 Overview Introduction Economy Class 8/Freight/Transportation Used Trucks/Classes 5-7 Trailers Q&A/Wrap-up 2
3 ACT s Commercial Vehicle Services State of the Industry N.A. Classes 5-8 Vehicles Country Bus N.A. OEM Classes 5, 6-7 & 8 Build & Retail Sales U.S. Trailers Used Trucks Economic Database Publicly Traded TL Carrier DB Consulting/Speaking Private consultation/projects Speakers Bureau Forecasts ACT N.A. Commercial Vehicle OUTLOOK Transportation Digest China Commercial Vehicle Outlook The Global Commercial Vehicle Forecast Natural Gas The Future of Natural Gas Beyond the Engine: Understanding Natural Gas Fuel Systems Fuel Payback Calculators 3
4 FISCAL DEADLINES October 29, 2015 Highway Bill (Surface Transportation Bill) extension expires An extension to mid-december is best guess November 3, 2015 or thereabout US Treasury ability to borrow will end Threat of default and/or credit downgrading likely December 11, 2015 Funding of all government agencies expires Government office shutdowns unless budget deal is achieved December 31, 2015 Tax Extenders need to prevent key provisions from expiring 4
5 Real Gross Domestic Product (2009 to 2016) Real GDP Forecasts: %; % 5
6 REAL GDP: Q3 AND Q4 RGDP projected at 2.4% in each of the next two quarters Solid growth in consumption, as well as investment, both residential and non-residential Drag from the inventory and trade sectors Risk of surprise to the downside If adjustment occurs faster, real GDP could be as low as 1% Uncertainty could weaken Q4 too Q3 ended on a soft note Fiscal policy a negative Federal Reserve Policy posture also adds to uncertainty ACT Forecast Our projection is toward the mid-range of forecasters for 2015 and with the upper range for
7 CPI Inflation Rate Total and Core (2010 to 2016) Headline inflation exhibits large swings reflecting the sharp movement of crude prices, strong dollar, and slow economic rebound overseas and in US. Core rate will remain below 2% for most of period. Wages are key indictor for price movement. 7
8 CPI Inflation Rate Total, Goods and Services (2010 to 2015), Y/Y Weakness in goods has kept headline inflation below 2%. Stability in energy and a flattening of dollar should push rate above 2%. Key is wage movement, which affects services. 8
9 Interest Rates ( ) Federal Reserve decision: data dependent. Rising rate trend will be gradual and moderate. 9
10 Rig Count and Oil Prices Rig count has fallen by about 60% since Sept Indications are that another small leg down is underway. Weakness in energy sector has negatively impacted industrial production. Weakness in energy sector has had a positive effect on price indices. 10
11 Crude Oil Prices (Actual and projected Brent and WTI) Latest pump prices: Gasoline: $2.40; Diesel: $2.55. Crude prices at $50 imply gasoline around $2.40; diesel $2.60. Year-ago prices: Gasoline: $3.25; Diesel: $
12 Unemployment Rates (U3 and U6) 12
13 Class 8 Market Conditions Still positive demand driver alignment Fleet profits, still-old fleet, new truck MPG, driver shortage, CSA burden, credit availability, etc. But softness is becoming evident HoS productivity giveback, less pent-up demand, fleet growth above rate of freight creation since mid 2014 OEM Build Plan misses through Q3 Maxim: Truckers use trucks to haul freight, Truckers buy trucks to make money 13
14 Little Demand-Side Growth in 2015 ATA Truck Loads Index (SA) January '09 - August'15 (2000=100) 115 Index YY% Chg. 110 ATA LOADS INDEX YTD % Jan. March: 4.2% April-August: 0.6% August: 2.9% Source, American Trucking Associations, ACT Research Co., LLC: Copyright
15 Root of the Current Soft-Patch Inventory to Sales Ratio: Total Business IN/RS Ratio January August 2015 Ratio-SAAR A lot of product was sourced on the off chance the West Coast ports strike ended badly Difference between 1.30 and 1.37 INRS: ~$90b excess IN Source: Census Bureau, ACT Research: Copyright
16 But a Surge on the Supply-Side Units (000s) Actual 6MMA & Fcst ACT Research Co., LLC: Copyright 2015 U.S. CLASS 8 TRACTOR RETAIL SALES January '10 - September '15 Replacement + 2% GDP Surprisingly weak September sales Sales above ~11,500 units/mo. = U.S. tractor fleet growth Above ~13,000, fleet growth rises above freight requirements ~155k-160k AR 2015 is forecast to be the biggest-ever U.S. C8 tractor RS year: 208.2k vs k 16
17 More Capacity = More Competition U.S. Class 8 Implied Tractor Fleet Utilization Rate Fleet Utilization (%) July'15 Update HOS Fcst. More fleets driving more new trucks suggests a lesslucrative for-hire market: Target Utilization Rate: 90% Better utilization target? Or, will it be drivers who dictate capacity this cycle? ' ACT Research Co., LLC: Copyright
18 Orders Running Below Build (Data through September, annualized) (000s) Orders: NA 8 (AR) Orders: NA 8 (SAAR) Build: NA 8 (AR) Past 12 Mo Past Past September
19 Housekeeping Time 5 % 4 3 TOTAL CLASS 8: N.A. CANCELLATION RATE Expressed as a percentage of Backlog January '10 - September '15 Actual & 6 Mo. Avg. As was the case in September, one OEM (different) was responsible for elevated cancellation levels as backlogged orders were cleaned/ rebooked into ACT Research Co., LLC: Copyright
20 Tough Comps TOTAL CLASS 8: N.A. BACKLOG & BL/BU RATIO Units (000s) BACKLOG January '10 - August '15 BL/BU RATIO (Right Axis) BL/BU Ratio (Months) Multi-year orders booked in Q4 14 suggest that stronger orders are likely to return in Q k year-end BL implies ~95k orders in Q4 ACT Research Co., LLC: Copyright
21 Critical 16 Forecast Consideration TOTAL CLASS 8: N.A. INVENTORY/RETAIL SALES RATIO Units (000s) January '10 - September'15 INVENTORY: Actual & SA IN/RS RATIO (Right Axis) IN/RS Ratio (Months) RETAIL SALES: Actual & SA SA IN/RS up 60bps y/y to 2.8 months/61 days on fading sales rate INRS = Inventory (@ Sep. RS) 2.2m = 57.7k 2.0m = 52.5k September: Actual: 69,348 SA: 67,292 ACT Research Co., LLC: Copyright
22 Trucker profitability Other Demand Factors Carrier profitability is a leading indicator of the start of a CV demand cycle Sadly, lagging indicator (coincident at best) on the downside Government regs Immediate: THUD 2-overnight provision of 34-hour reset from 2013 HOS Tandem trailer length law change: 28 to 33 Medium and longer-term rules with demand implications ELD, GHGp2, driver quality rules, CSA tweaks Used equipment Values Changes to the productivity trend Density, Utilization, Modal share 22
23 Carriers Buy Trucks to Make Money (and not pay so much in taxes) % TL Carrier Database: Net Profit Margins SA Q1'96 - Q2'15 Early Q3 reporters beating and meeting Wall Street consensus expectations ACT Research Co., LLC: Copyright
24 Survey Says: Capacity Rising Faster Than Freight Index ACT For-Hire Truckload Survey Capacity (Supply) Index Less Freight (Demand) Index January '10 - September '15 Improving Deteriorating J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N J M M J S N. '10 '11 '12 '13 '14 ' ACT Research Co., LLC: Copyright
25 Reality Says: Spot Rates Roll Over in June DAT Trendlines: Dry Van Revenue per Mile (exfsc) Year over Year % Change Freight Rate YY % Chg. January '10 - September '15 (2000=100) SPOT CONTRACT With new tractor capacity additions accelerating, and freight stagnant YTD, spot rate growth has decelerated. Positive: From Aug. 13 to Aug. 15, Dry Van for-hire contract rates (ex FSC) up 17% Source, Transcore Commercial Technology Group, ACT Research Co., LLC: Copyright
26 Spot-Contract Gap Increase: Dry Van DAT Trendlines Dry Van Rate Gap: Contract Minus Spot January '09 - September '15 (2000=100) Rate Price Gap (in Cents) 3mma Contract - Spot Gap Falloff in spot rates occurring in a period of elevated tractor retail sales with more strong sales to come Source, Transcore Commercial Technology Group, ACT Research Co., LLC: Copyright
27 Also in Reefers & Flats DAT Trendlines Contract Minus Spot Rates: Reefers, Flats January '09 - September '15 (2000=100) Rate Price Gap (in Cents) Reefer Rate Spread Reefer 6MMA Bar Source, Transcore Commercial Technology Group, ACT Research Co., LLC: Copyright 2015 Energy sector weakness Reefer van competition? DAT Trendlines Contract Minus Spot Rates: Flats January '09 - August '15 (2000=100) Rate Price Gap (in Cents) Flat Rate Spread Flat 6MMA Bar Source, Transcore Commercial Technology Group, ACT Research Co., LLC: Copyright
28 Directionally Predictive at 6-7 Months Dry Van Rate Pressure Analysis: Contract less Spot rate relative to targe rate spread January '10 - September '15 (2000=100) Contract Rate Pressure (Cents) Contract Rate YYChg. 3MMA Overlaying the pressure analysis with lagged (7mo) on actual contract rate changes indicates a healthy degree of correlation (81%) Rate Pressure Analysis: 6MMA Conclusion: without a freight rebound to strengthen spot rates, contract rate environment likely to level-out in 2016 Source, Transcore Commercial Technology Group, ACT Research Co., LLC: Copyright
29 Summary: Downward Pressure 2016 another good year for freight, fleet profits but with softening for truckers accelerating by ~2 nd half Rising domestic economic growth But strong US$, weak world economy, keeps overall growth spotty Lower energy prices likely to persist New truck purchases above the rate of economic growth will erode growth in contract freight rates by early 2016 First clean correction since NABU: 248k, 194k; NARS: 237k, 201k When market does roll over, the need to pare inventory will create additional drag on production rates Potentially considerable GHGp2 costs starting in 2021 and imbedded cycle timing suggest a strong ramp into 2019 The economy/trucker profits will be key determinants of degree 29
30 Used Class 8 Trucks Average retail at $54,500 in preliminary September data Pricing up 5% YTD 2015 Mileage is improving (September exception) Age has also turned the corner (ditto) Excess of late-model sleepers, commoditization pressuring used truck pricing Exports slowing, but regaining a little ground Down 21% YTD August (vs 35% in May) Mexico now taking 18% of the units, down from 59% YTD
31 September (P) Prices Mixed Used Class 8: Average Retail Selling Price January '10- Preliminary September ' $(000s) per Unit Monthly & 3MMA Y/Y % Chg Y/Y % Chg CLASS 8: U.S. USED TRUCK AVERAGE SALE PRICE 4 to 5 years old, ,000 miles Total Reported Price ($000) January '09 - Preliminary September '15 Same Dealer Sales Monthly & 6 Mo. Avg. Y/Y % Change ACT Research Co., LLC: Copyright Y/Y% Chg. (right axis) ACT Research Co., LLC: Copyright
32 Miles Trending Down, Age to Follow CLASS 8: U.S. USED TRUCK AVERAGE MILES January '09 - Preliminary September '15 Total Reported Miles (000s) Same Dealer Sales Monthly & 6 Mo. Avg. Y/Y % Change CLASS 8: U.S. USED TRUCK AVERAGE AGE January '09 - Preliminary September '15 Same Dealer Sales Total Reported (Months) Y/Y% Chg. (right axis) ACT Research Co., LLC: Copyright ACT Research Co., LLC: Copyright
33 Exports Slowing Used Class 8 Tractor Exports August Units (Thousands) Actual Estimated '07 '08 '09 '10 '11 '12 '13 '14 '15e International Trade Commission, ACT Research Co., LLC: Copyright
34 Medium Duty Cancellations and key ratios (BL/BU and IN/RS) suggest fundamentals are solid. Can always use more orders. Key drivers of MD truck demand coming into place: Consumers more confident now than in a long time Confident consumers are more willing to spend Construction market (resi/non-resi) is especially important to MD trucks State and local governments transitioning towards growth RS forecast below replacement levels until late 2016 Cl.6-7 at ~160k/yr, Cl.4-5 at ~70k/yr Competitive landscape rumblings 34
35 N.A. Classes 5-7 Order Distribution (Data through September 2015, annualized) Classes 5-7 Orders Truck (000s) Bus (000s) RV (000s) Total* (000s) Past 12 Mo Past 6 (AR) Past 3 (AR) Sep. (AR) Sep. (SAAR) * Total includes Step Vans 35
36 Backlog/Build Ratio Slips, but TOTAL CL. 5-7: N.A. BACKLOG & BL/BU RATIO January '10 - September '15 65 Units (000s) BL/BU Ratio (Months) BL/BU RATIO (Right Axis) BACKLOG ACT Research Co., LLC: Copyright
37 Existing Home Sales vs. Cl 5-7 Truck Sales 8,000,000 Existing Home Sales (SAAR) Cl 5-7 Truck Sales (SAAR) 250,000 7,000, ,000 6,000, ,000 5,000, ,000 4,000,000 50,000 3,000,000 - Source: ACT Research Co., LLC, NAR USEDHOUS Cl 5-7 TRUCK RS Poly. (USEDHOUS) Poly. (Cl 5-7 TRUCK RS) 37
38 U.S. Trailer Market Update 2015 shipments tracking to historic peak Orderboard commits industry through most of Q1 16 Van and Reefers vs. Vocational Trailers Energy sector impact on Tanks and Bulks GHG II regulations trailers into regulatory arena Approaching the normal order season Early orderbook opening could temper the flow Recent change in order patterns will likely continue Order season pulled forward Major fleet investment decisions driving the pattern shift with increasing impact 38
39 Trailer and Tractor Investment NET ORDER RATIO U.S. TRAILERS & U.S. CL.8 TRACTORS 3 Month Moving Averages, January '10 - August '15 45 Units (000s) Trailer:Tractor Ratio TRAILERS BUILD RATIO U.S. TRAILERS and U.S. CL.8 TRACTORS ACT Research Co., LLC: Copyright 2015 CL. 8 TRACTORS TRAILER:TRACTOR ORDER RATIO (Right Axis) Units (000s) 3 Month Moving Averages, January '10 - August '15 TRAILERS CL. 8 TRACTORS BUILD RATIO (Right Axis) Trailer:Tractor Ratio ACT Research Co., LLC: Copyright
40 GHG II and Trailers Box trailers of primary interest Dry vans and Reefers Majority of trailers (TIO)/higher mileage applications Efficiency achieved from Aerodynamic devices Low rolling resistance tires (LRR) Automatic Tire Inflation Systems (ATIS) Light Weight Components Non-Box trailers LLR and ATIS No trailer retrofits proposed 40
41 GHG II and Trailers Public commentary period extended, but now closed Implementation schedule MY Voluntary Mandatory compliance MY 21 Mandatory compliance MY 21 & 24 Increasing stringency MY 27 Full implementation Smaller Trailer OEMs get an added year < 500 Employees Small Business per Federal SBA definition We re questioning everything now. You have to question all the assumptions. - Mark Rosekind Administrator NHTSA 41
42 What about 33 Pups? Battleground has moved to FY16 Appropriations Bill THUD Transportation and Housing and Urban Development Both House and Senate versions include 33 s House passed Senate committee approval, awaiting floor vote Minor differences between versions Next steps Senate approval/merge versions/ House & Senate vote President signs bill? Threat of veto over both 33 and 34 hour restart roll-back Also major fleet coalition in opposition to 33 s 42
43 Current Production Activity Build consistent at high levels No issues heard regarding component supplies Continuing attention to a judicious usage of overtime Workforce burnout concerns, skilled worker availability No material change in production levels, but reports of new capacity being added Units (000s) Build & 6 Mo. Av g. (Left Axis) TRAILER INDUSTRY BUILD Year Over Year Percent Change January '10 - August '15 Y/Y % Change Units TOTAL TRAILERS BUILD PER DAY Year Over Year Percent Change January '10 - March '16 BUILD/DAY Y/Y % Change Y/Y % Chg. (Right Axis) Y/Y % Change (right axis) ACT Research Co., LLC: Copyright 2015 ACT Research Co., LLC: Copyright
44 Total Trailers Actual Category Aug-15 Last 12 Mo Aug-15 Last 12 Mo Backlog 152, ,785 Build 27,174 26,921 Inventory 18,004 16,708 New Orders 25,693 33,519 Cancelations 1,161 1,180 Net Orders 24,532 32,563 Shipments 27,481 25,640 Seasonally Adj. Stability continues on a seasonally adjusted basis Build, inventory, shipments Orders driving seasonally adjusted BL upwards Cancellation impact more in vocational segments Shipments tracking for best year in history 44
45 Trailers & Fleet Investment TL Carrier Database: TL Carrier Net Incom e (Ex QLTY, SWFT, UACL) & New US Trailer Orders Y/Y % Chg. Year over Year Percent Change Q1' 10 - Q2 '15 Carrier Income Y/Y % Chg. Total Trailer GO Y/Y % Chg ACT Research Co., LLC: Copyright 2015 Latest fleet financials show growth, but improvement is slowing Equipment investment continues, but might be easing Growth in fleet capacity will be closely monitored Still old rolling stock in operation Customer service levels Driver satisfaction and CSA can be impacted 45
46 Trailer Demographics Population remains well below peak Growing since bottom Forecast projects population will eclipse 2007 in 2020 With very-old trailers falling out of the fleet and a multi-year string of solid demand, fleet age is coming down rapidly Dry vans, reefer vans and flats all nearing equilibrium ages Underlying replacement rates reaching peak levels Dry van and reefer van rates roll over in 2015 Dry rate falls substantively into 2020 Reefer rate reengages in
47 350 Orders (000s) U.S. TRAILER FACTORY SHIPMENTS Dry Vans Reefer Vans Flatbeds All Other Trailers '10 '11 '12 '13 '14 '15 '16 Total Trailers All Other Trailers Flatbeds Reefer Vans Dry Vans ACT Research Co., LLC: Copyright
48 Build/FS Forecasts NA Class 8 (000s) NA Classes 5-7 (000s) US Trailer FS Total Trailers (000s)
49 Questions? Our next webinar is scheduled for December 18th at 11:00 Eastern Plan to join us at Seminar #54 March Columbus, Indiana 49
50 ACT Research Company, LLC 4400 Ray Boll Boulevard Columbus, IN Phone: (812) Fax: (812)
NA Heavy Class 8: Signs of Cooling in an Overheated Market?
NA Heavy Class 8: Signs of Cooling in an Overheated Market? Kenny Vieth ACT Research Co. JOC Inland Distribution Conference October 6-8, 2015 Class 8 Market Conditions Positive alignment of HD demand drivers
More informationCommercial Vehicle Review Will the Bump Become Self-Sustaining? Kenny Vieth ACT RESEARCH Co., LLC
Commercial Vehicle Review Will the Bump Become Self-Sustaining? Kenny Vieth ACT RESEARCH Co., LLC Chicago Federal Reserve Bank AOS June 2, 2017 More Questions than Answers Shortly after the election in
More informationIn Rust We Trust: Commercial Vehicle Demand Drivers and Forecast Update
In Rust We Trust: Commercial Vehicle Demand Drivers and Forecast Update Kenny Vieth ACT RESEARCH Co., LLC Federal Reserve Bank of Chicago Automotive Outlook Symposium June 5, 2009 Overview Underlying Economics
More informationEPA Mandates & C.V. Demand: SURFS UP
EPA Mandates & C.V. Demand: SURFS UP Ken Vieth Sr. Partner & GM A.C.T. RESEARCH Co., LLC Federal Reserve Bank Automotive Outlook Symposium June 1-2, 2006 Critical Demand Components Aligned Emissions mandate
More informationA Different Set of Problems: Trucking & Heavy Equipment Demand Shift Into High Gear
A Different Set of Problems: Trucking & Heavy Equipment Demand Shift Into High Gear Kenny Vieth ACT RESEARCH Co., LLC Federal Reserve Bank of Chicago Automotive Outlook Symposium June 3, 211 It s NOT Different
More informationAugust 11, Bob Costello Senior Vice President & Chief Economist American Trucking Associations
Economic & Industry Update for U.S. Bank Are You Prepared For An Industry Acceleration? August 11, 2015 Bob Costello Senior Vice President & Chief Economist American Trucking Associations Twitter: @ATAEconBob
More informationBob Costello American Trucking Associations
Bob Costello American Trucking Associations Economic & Trucking Industry Update August 7, 2018 Bob Costello Chief Economist & Senior Vice President of International Trade Policy & Cross-Border Ops American
More informationUsed Truck Update. Steve Tam ACT RESEARCH Co., LLC
Used Truck Update Steve Tam ACT RESEARCH Co., LLC September 30, 2016 Presentation Overview Used Truck Market Performance Used Truck Database Overview Market Performance Charts Market Summary Sample in-depth
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Intermodal Freight Transportation Institute October 30, 2012
Bob Costello Chief Economist & Vice President American Trucking Associations Intermodal Freight Transportation Institute October 30, 2012 U.S. Economic Summary Fiscal Cliff Eurozone Problems U.S. Elections
More informationU.S. Classes 3-8 Used Trucks
Americas Commercial Transportation Research Co., LLC www.actresearch.net COMMERCIAL VEHICLES State of the Industry U.S. Classes 3-8 Used Trucks May 215 Data Published June 24, 215 Contributor to Blue Chip
More informationState of the Industry: U.S. Classes 3-8 Used Trucks
Americas Commercial Transportation Research Co., LLC www.actresearch.net State of the Industry: U.S. Classes 3-8 Used Trucks November 212 Data Published December 24, 212 State of the Industry: U.S. Classes
More informationN.A. Classes 5-8 Vehicles
Americas Commercial Transportation Research Co., LLC www.actresearch.net COMMERCIAL VEHICLES State of the Industry N.A. Classes -8 Vehicles May & YTD 1 Data Published June 17, 1 Contributor to Blue Chip
More informationTransportation & Logistics Council
Transportation & Logistics Council March 2015 Jeff Mason Executive Vice President, ATA Publisher, Transport Topics Trucking Economic Update Billions of Tons Trucking s Importance to the Economy Has Surged
More informationJapan s Economic Outlook No. 181 Update (Summary)
Japan's Economy 23 June 2014 (No. of pages: 17) Japanese report: 9 June 2014 Japan s Economic Outlook No. 181 Update (Summary) In this report we examine four major issues facing Japan s economy after the
More informationState of the Industry: N.A. Classes 5-7 Bus Market
Americas Commercial Transportation Research Co., LLC www.actresearch.net State of the Industry: N.A. Classes 5-7 Bus Market October & YTD 017 Data Published November 0, 017 Contributor to Blue Chip Economic
More informationN ational Economic Trends
DECEMBER 1994 National Economic Trends is published monthly by the Research and Public Information Division. Single-copy subscriptions are available free of charge by writing Research and Public Information,,
More informationNYSE: CGI
NYSE: CGI www.celadongroup.com Forward-Looking Statement Disclaimer This presentation, including documents incorporated herein by reference, will contain forward-looking statements within the meaning of
More informationEMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, WEDNESDAY, JANUARY 30, 2013 GROSS DOMESTIC PRODUCT: FOURTH QUARTER AND ANNUAL 2012 (ADVANCE ESTIMATE)
NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, WEDNESDAY, JANUARY 30, 2013 Lisa Mataloni: (202) 606-5304 (GDP) gdpniwd@bea.gov Recorded message: (202) 606-5306 BEA 13-02 GROSS DOMESTIC PRODUCT:
More informationJapan s Economic Outlook No. 183 Update (Summary)
Japan's Economy 12 December 2014 (No. of pages: 17) Japanese report: 08 Dec 2014 Japan s Economic Outlook No. 183 Update (Summary) In this report we examine the direction of Japan s economy in light of
More informationFigure 1 Unleaded Gasoline Prices
Policy Issues Just How Costly Is Gas? Summer 26 Introduction. Across the nation, the price at the pump has reached record highs. From unleaded to premium grade, prices have broken three dollars per gallon
More informationMARKET UPDATE & ECONOMIC OUTLOOK
MARKET UPDATE & ECONOMIC OUTLOOK Economic Expansion Accelerates For the Moment Growth surged in Q2 from average 2.1% pace over prior 14 quarters; best quarter since 2014 10.0 Real Gross Domestic Product
More informationALG July/August 2011 Edition Report
ALG July/August 2011 Edition Report ALG July/August 2011 Edition Report Introduction: For the July/August 2011 edition, ALG has updated both gas price and used supply outlook to reflect the latest available
More informationTENTH DISTRICT MANUFACTURING SURVEY REBOUNDED MODERATELY Federal Reserve Bank of Kansas City Releases January Manufacturing Survey
FOR RELEASE Thursday, January 23, 2014 EMBARGOED FOR 10 A.M. CENTRAL TIME CONTACT: Bill Medley 816-881-2556 Bill.Medley@kc.frb.org TENTH DISTRICT MANUFACTURING SURVEY REBOUNDED MODERATELY Federal Reserve
More informationUsed Vehicle Supply: Future Outlook and the Impact on Used Vehicle Prices
Used Vehicle Supply: Future Outlook and the Impact on Used Vehicle Prices AT A GLANCE When to expect an increase in used supply Recent trends in new vehicle sales Changes in used supply by vehicle segment
More informationEMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, JANUARY 30, 2015 GROSS DOMESTIC PRODUCT: FOURTH QUARTER AND ANNUAL 2014 (ADVANCE ESTIMATE)
NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, JANUARY 30, 2015 Lisa Mataloni: (202) 606-5304 (GDP) gdpniwd@bea.gov Jeannine Aversa: (202) 606-2649 (News Media) BEA 15-04 GROSS DOMESTIC
More informationEconomic & Steel Market Development in Japan
1 Economic & Steel Market Development in Japan 68 th OECD Steel Committee Paris May 6-7, 2010 The Japan Iron & Steel Federation 2 Macro-economic overview Steel Supply and Demand v v v Steel Production
More informationSomebody s Going to Deliver the Freight. Kenny Vieth ACT RESEARCH Co., LLC
Somebody s Going to Deliver the Freight Kenny Vieth ACT RESEARCH Co., LLC Driver [Pay] Shortage The freight will get delivered Freight determines driver demand, not the reverse Problem of prosperity what
More informationEMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, JANUARY 30, 2014 GROSS DOMESTIC PRODUCT: FOURTH QUARTER AND ANNUAL 2013 (ADVANCE ESTIMATE)
NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, JANUARY 30, 2014 BEA 14-03 Lisa Mataloni: (202) 606-5304 (GDP) gdpniwd@bea.gov Recorded message: (202) 606-5306 GROSS DOMESTIC PRODUCT:
More informationMacro economic and Energy Factors Driving the Agricultural Outlook
Macro economic and Energy Factors Driving the Agricultural Outlook Michael Swanson Ph.D. Wells Fargo September 2013 Inter connected Markets Economic growth GDP, Population and Income Currency competition
More informationFactory activity accelerated further in our region this month, posting its highest composite reading since 2011, said Wilkerson.
FOR RELEASE Thursday, October 26, 17 EMBARGOED FOR A.M. CENTRAL TIME CONTACT: Pam Campbell 45-27-8617 Pam.Campbell@kc.frb.org TENTH DISTRICT MANUFACTURING ACTIVITY POSTS STRONG GROWTH Federal Reserve Bank
More informationNational Health Expenditure Projections
National Health Expenditure Projections 2009-2019 Forecast Summary In 2009, NHE is projected to have reached $2.5 trillion and grown 5.7 percent, up from 4.4 percent in 2008, while the overall economy,
More informationSTATISTICAL TABLES RELATING TO INCOME, EMPLOYMENT, AND PRODUCTION
A P P E N D I X B STATISTICAL TABLES RELATING TO INCOME, EMPLOYMENT, AND PRODUCTION C O N T E N T S NATIONAL INCOME OR EXPENDITURE Page B 1. Gross domestic product, 1960 2009... 328 B 2. Real gross domestic
More informationNational Economic Estimating Conference Held July 12, 2018 FINAL Long-Run Tables
TABLE OF CONTENTS SECTION PAGE Executive Summary 2 Real Expenditures 4 Components of Income 6 Employment and Output 7 Financial Markets 9 Prices 10 Nominal Expenditures 12 The National Economic Estimating
More informationAppendix B STATISTICAL TABLES RELATING TO INCOME, EMPLOYMENT, AND PRODUCTION
Appendix B STATISTICAL TABLES RELATING TO INCOME, EMPLOYMENT, AND PRODUCTION C O N T E N T S Page NATIONAL INCOME OR EXPENDITURE: B. Gross domestic product, 959 005... 80 B. Real gross domestic product,
More informationEnergy Outlook. U.S. Energy Information Administration. For EnerCom Dallas February 22, 2018 Dallas, TX
Energy Outlook For EnerCom Dallas Dallas, TX Jeff Barron Industry Economist, U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
More informationThe German Market After the Scrapping Scheme. Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting
The German Market After the Scrapping Scheme Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting The Background Following the financial crisis and its negative impact on global trade,
More informationGROWTH IN TENTH DISTRICT MANUFACTURING ACTIVITY EXPANDED SOLIDLY Federal Reserve Bank of Kansas City Releases May Manufacturing Survey
FOR RELEASE Thursday, May 22, 2014 EMBARGOED FOR 10 A.M. CENTRAL TIME CONTACT: Pam Campbell 405-270-8617 Pam.Campbell@kc.frb.org GROWTH IN TENTH DISTRICT MANUFACTURING ACTIVITY EXPANDED SOLIDLY Federal
More informationFigure 1 Unleaded Gasoline Prices
Policy Issues Just How Costly Is Gas? Summer 24 Introduction. Across the nation, the price at the pump has reached record highs. From unleaded to premium grade, prices have broken the two-dollar-per-gallon
More informationGross Domestic Product: Third Quarter 2016 (Advance Estimate)
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, OCTOBER 28, 2016 BEA 16-57 Technical: Lisa Mataloni (GDP) (301) 278-9083 gdpniwd@bea.gov Media: Jeannine Aversa (301) 278-9003 Jeannine.Aversa@bea.gov
More informationThe U.S. Recovery: Back from Sabbatical
The U.S. Recovery: Back from Sabbatical Presented to: Federation of Tax Administrators Revenue Estimating Conference New Orleans, Louisiana September 22, 2003 Presented by: Cynthia Latta Managing Director
More informationGas & electricity - at a glance
$/barrel /tco 2 e p/therm /MWh Gas & electricity - at a glance Week-on-Week Annual Gas Price Changes Short-term gas contracts jump Cold snap forecast for the first half of February, lifting demand Longer-dated
More informationLos Angeles Transportation Club. David R. Parker, Chairman & CEO Covenant Transportation Group
Los Angeles Transportation Club David R. Parker, Chairman & CEO Covenant Transportation Group DISCLOSURE STATEMENT This presentation and discussion includes forward-looking statements within the meaning
More informationGROWTH IN TENTH DISTRICT MANUFACTURING ACTIVITY EDGED HIGHER Federal Reserve Bank of Kansas City Releases September Manufacturing Survey
FOR RELEASE Thursday, September 25, 2014 EMBARGOED FOR 10 A.M. CENTRAL TIME CONTACT: Pam Campbell 405-270-8617 Pam.Campbell@kc.frb.org GROWTH IN TENTH DISTRICT MANUFACTURING ACTIVITY EDGED HIGHER Federal
More informationNational Health Care Expenditures Projections:
National Health Care Expenditures Projections: 2001-2011 Methodology Summary These projections are produced annually by the Office of the Actuary at the Centers for Medicare & Medicaid Services. They are
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared January 2, 2019 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 0.6% in, compared
More informationLogistics Costs: Trends and Implications. Joseph Bryan Managing Director, Global Trade and Transportation Global Insight
Logistics Costs: Trends and Implications Joseph Bryan Managing Director, Global Trade and Transportation Global Insight Overview Points on trade U.S. freight projections Capacity strains Trends for surface
More informationIMO 2020: Implications for Crude Oil Prices. Philip K. Verleger. PKVerleger LLC and Colorado School of Mines July 2018
IMO 2020: Implications for Crude Oil Prices Philip K. Verleger PKVerleger LLC and Colorado School of Mines July 2018 The IMO Fuel Regulations Threaten to Disrupt Oil Markets Regulations on bunker fuel
More informationEMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, TUESDAY, DECEMBER 22, 2015
NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, TUESDAY, DECEMBER 22, 2015 GDP: Lisa Mataloni (202) 606-5304 gdpniwd@bea.gov Profits: Kate Pinard (202) 606-5564 cpniwd@bea.gov News Media: Jeannine
More informationMONTHLY NEW RESIDENTIAL CONSTRUCTION, FEBRUARY 2017
FOR RELEASE AT 8:30 AM EDT, THURSDAY, MARCH 16, MONTHLY NEW RESIDENTIAL CONSTRUCTION, FEBRUARY Release Number: CB17-38 March 16, - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development
More informationSteel Industry Outlook Federal Reserve Bank of Chicago December Robert J. DiCianni Mittal Steel USA. Mittal Steel Company
Steel Industry Outlook Federal Reserve Bank of Chicago December 2005 Robert J. DiCianni Mittal Steel USA 1 Outline Overall Outlook End Market Outlook 2006 Forecast Steel Demand Prices Inputs and other
More informationAuto incentives and consumer spending on vehicles. Ted Chu, Senior Economist General Motors Corporation June 3, 2004
Auto incentives and consumer spending on vehicles Ted Chu, Senior Economist General Motors Corporation June 3, 2004 Agenda Incentive pressures and consumer affordability Dept of Commerce Bureau of Economic
More informationFueling Savings: Higher Fuel Economy Standards Result In Big Savings for Consumers
Fueling Savings: Higher Fuel Economy Standards Result In Big Savings for Consumers Prepared for Consumers Union September 7, 2016 AUTHORS Tyler Comings Avi Allison Frank Ackerman, PhD 485 Massachusetts
More informationGross Domestic Product: Third Quarter 2016 (Third Estimate) Corporate Profits: Third Quarter 2016 (Revised Estimate)
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, DECEMBER 22, 2016 BEA 16-71 Technical: Lisa Mataloni (GDP) (301) 278-9083 gdpniwd@bea.gov Kate Pinard (Corporate Profits) (301) 278-9417 cpniwd@bea.gov
More informationFOR IMMEDIATE RELEASE
Article No. 7433 Available on www.roymorgan.com Roy Morgan Unemployment Profile Friday, 12 January 2018 2.6m Australians unemployed or under-employed in December The latest data for the Roy Morgan employment
More informationPREFACE 2015 CALSTART
PREFACE This report was researched and produced by CALSTART, which is solely responsible for its content. The report was prepared by CALSTART technical staff including Ted Bloch-Rubin, Jean-Baptiste Gallo,
More informationUpdate of Poultry Fundamentals April 18
Update of Poultry Fundamentals April 18 Contact us: 402.898.9458 www.advancedeconomicsolutions.com knox@aesresearch.com Visit our updated website Follow us on Twitter @AES_Research 4/13/2018 AdvancedEconomicSolutions
More informationNorth America The Rollercoaster Ride Ahead. Kenneth Kremar Principal, Industry Practices
North America The Rollercoaster Ride Ahead Kenneth Kremar Principal, Industry Practices NAFTA Class 4-8 Retail Sales: 1996-2005 (000 Units) 325 300 Class 4-7: 2002-2005 +39% Class 8: 2003-2005 +73% 275
More informationEMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, TUESDAY, DECEMBER 23, 2014
NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, TUESDAY, DECEMBER 23, 2014 Lisa Mataloni: (202) 606-5304 (GDP) gdpniwd@bea.gov BEA 14-65 Kate Shoemaker: (202) 606-5564 (Profits) cpniwd@bea.gov Jeannine
More informationCorn Outlook. David Miller Director of Research & Commodity Services Iowa Farm Bureau Federation December 2013
Corn Outlook David Miller Director of Research & Commodity Services Iowa Farm Bureau Federation December 2013 Source: USDA-WAOB U.S. Corn Supply & Usage U.S. Corn Supply & Usage Comments With the largest
More informationCOMPILED BY GLASS S. Auction Report October 2014
GLASS S Auction Report October 2014 Contents Clickable Content Click on Page Number for Link Market Commentary Page 3 Whole Market Summary Page 6 Average Sales Price Year-on-Year (all ages) Page 7 Sales
More informationCompany. Jonathan Smoke Remarketing Big Picture 2017 and Beyond
Company Jonathan Smoke Remarketing Big Picture 2017 and Beyond Economic Expansion Continues 10.00 REAL GROSS DOMESTIC PRODUCT (SAAR) % GROWTH BY QUARTER 8.00 6.00 4.00 3.1 2.00 0.00-2.00-4.00-6.00-8.00-10.00
More informationThe ISM Manufacturing Survey Points to Imminent Economic Recovery, Possibly in 2009 May 1, Chart 1
Northern Trust Global Economic Research 50 South LaSalle Chicago, Illinois 3 northerntrust.com Asha G. Bangalore agb3@ntrs.com The ISM Manufacturing Survey Points to Imminent Economic Recovery, Possibly
More informationCambodia. East Asia: Testing Times Ahead
Key Indicators Cambodia 68 East Asia: Testing Times Ahead 2002 2003 2004 2005 2006 2007 /e 2008 /p 2009 /p Year Year Year Year Year Year Year Year Real GDP (% change, previous year) 6.5 8.5 10.0 13.5 10.8
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared March 4, 2019 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 0.3% in January, compared
More informationAmerica s Bright Future: Cleaner Air and Affordable, Reliable Electricity. Susan F. Tierney, Ph.D.
America s Bright Future: Cleaner Air and Affordable, Reliable Electricity Susan F. Tierney, Ph.D. Analysis Group, Inc. May 23, 2012 America s Bright Future: Cleaner Air and Affordable, Reliable Electricity
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared September 4, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.1% in, compared
More informationMonthly Hog Market Update United States Hog Production
This information is provided as a resource by Saskatchewan Agriculture staff All prices are in Canadian dollars unless otherwise noted. Please use this information at your own risk. Monthly Hog Market
More informationHow Old Cars And New Solutions Will Impact Our Industry
How Old Cars And New Solutions Will Impact Our Industry New Car Market Trends Watch the Used Car Market Tariffs and Other Concerns The Evolution of Mobility 1 2018 MID-YEAR REVIEW TRANSFORMING THE WAY
More informationMONTHLY NEW RESIDENTIAL CONSTRUCTION, JULY 2017
FOR RELEASE AT 8:30 AM EDT, WEDNESDAY, AUGUST 16, MONTHLY NEW RESIDENTIAL CONSTRUCTION, JULY Release Number: CB17-133 August 16, - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development
More informationN ational Economic Trends
May 1993 N ational Economic Trends Why High-Tech Is at the Center of the Industrial Policy Debate Why are high-technology industries at the center of a controversy over whether the United States should
More informationGross Domestic Product: Second Quarter 2016 (Second Estimate) Corporate Profits: Second Quarter 2016 (Preliminary Estimate)
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, AUGUST 26, 2016 BEA 16-44 Technical: Lisa Mataloni (GDP) (301) 278-9080 gdpniwd@bea.gov Kate Pinard (Corporate Profits) (301) 278-9417 cpniwd@bea.gov Media:
More informationAUTOMOTIVE OUTLOOK. Global economy a two-speed recovery
AUTOMOTIVE OUTLOOK Sue Yingzi Su Senior Economist 24 th Economic Outlook Symposium Federal Reserve Bank of Chicago December 3, 21 Global economy a two-speed recovery Index xed Real GDP (2=1) 15 13 11 Real
More informationMONTHLY NEW RESIDENTIAL CONSTRUCTION, APRIL 2017
FOR RELEASE AT 8:30 AM EDT, TUESDAY, MAY 16, MONTHLY NEW RESIDENTIAL CONSTRUCTION, APRIL Release Number: CB17-75 May 16, - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development
More informationN ational Economic Trends
N ational Economic Trends The Delayed Recovery of Employment Real gross domestic product has been increasing since the first quarter of 1991 and passed its prerecession level in the third quarter of 1992.
More informationMONTHLY NEW RESIDENTIAL CONSTRUCTION, AUGUST 2017
FOR RELEASE AT 8:30 AM EDT, TUESDAY, SEPTEMBER 19, MONTHLY NEW RESIDENTIAL CONSTRUCTION, AUGUST Release Number: CB17-158 Notice: For information on the impact of Hurricanes Harvey and Irma on the compilation
More informationVolvo Group THIRD QUARTER 2015 JAN GURANDER. Volvo Group Headquarters Third quarter
Volvo Group THIRD QUARTER 2015 JAN GURANDER 1 VOLVO GROUP Third quarter highlights NET SALES SEK bn 12 months 310 bn IMPROVED PROFITABILITY ON FLAT VOLUMES UNDERLYING OPERATING MARGIN 6.9% 67 73 OPERATING
More informationThe Value of Travel-Time: Estimates of the Hourly Value of Time for Vehicles in Oregon 2007
The Value of Travel-Time: Estimates of the Hourly Value of Time for Vehicles in Oregon 2007 Oregon Department of Transportation Long Range Planning Unit June 2008 For questions contact: Denise Whitney
More informationVol. 42 No. 5 Published June 21, 2018 May 2018
Vol. No. 5 Published June 1, 018 May 018 EXECUTIVE SUMMARY Some headlines are timeless: The Washington Capitals, after years of frustration, win the Stanley Cup The Capitals Stanley Cup championship was
More informationExecutive Summary. Light-Duty Automotive Technology and Fuel Economy Trends: 1975 through EPA420-S and Air Quality July 2006
Office of Transportation EPA420-S-06-003 and Air Quality July 2006 Light-Duty Automotive Technology and Fuel Economy Trends: 1975 through 2006 Executive Summary EPA420-S-06-003 July 2006 Light-Duty Automotive
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared September 28, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.0% in, compared
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared November 1, 2017 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 0.7% in, compared
More informationSigns of recovery in the Russian construction market
Milena Bernardi - m.bernardi@tiledizioni.it Signs of recovery in the Russian construction market Fig. 1 - Construction output in Russia (y-o-y % change) Despite a slowdown with respect to the period April-
More informationCONSUMER TIRE REPORT APRIL Consumer Tires
Consumer Tires President Obama announced in September of 2009 the imposition of special safeguard relief for the domestic passenger car and light truck tire industry and its workers who had been seriously
More informationENERGY SLIDESHOW. Federal Reserve Bank of Dallas
ENERGY SLIDESHOW Updated: January 16, 2019 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 120 100 Brent (Jan 11 = $58.64) WTI (Jan 11 = $50.78)
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared March 2, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 0.7% in, compared
More informationFOR IMMEDIATE RELEASE
Article No. 7137 Available on www.roymorgan.com Roy Morgan Unemployment Profile Wednesday, 8 February 2017 Over 12 million Australians have jobs for the first time including over 8 million full-time jobs,
More informationDeutschland: Asiens Ingenieur, Europas Motor, Garant des Euro?
Frankfurt/M., 2. Februar Deutschland: Asiens Ingenieur, Europas Motor, Garant des Euro? Dr. Stefan Kooths ing Center GDP: Slower pace ahead 114 2=1 QoQ annualized growth rate Level (chain index) 15 1 112
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared February 1, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.0% in, compared
More informationFINAL SECOND-PHASE GREENHOUSE GAS EMISSIONS STANDARDS FOR HEAVY-DUTY ENGINES AND VEHICLES IN CANADA
INTERNATIONAL COUNCIL ON CLEAN TRANSPORTATION POLICY UPDATE SEPTEMBER 2018 FINAL SECOND-PHASE GREENHOUSE GAS EMISSIONS STANDARDS FOR HEAVY-DUTY ICCT POLICY UPDATES SUMMARIZE REGULATORY AND OTHER DEVELOPMENTS
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared July 2, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.3% in, compared to
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared August 1, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.3% in, matching
More informationNational Health Care Expenditures Projections:
National Health Care Expenditures Projections: 2004-2014 Methodology Summary These projections are produced annually by the Office of the Actuary at the Centers for Medicare & Medicaid Services. They are
More informationSeptember 21, Introduction. Environmental Protection Agency ( EPA ), National Highway Traffic Safety
September 21, 2016 Environmental Protection Agency (EPA) National Highway Traffic Safety Administration (NHTSA) California Air Resources Board (CARB) Submitted via: www.regulations.gov and http://www.arb.ca.gov/lispub/comm2/bcsubform.php?listname=drafttar2016-ws
More informationEMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, WEDNESDAY, JANUARY 31, 2007 GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2006 (ADVANCE)
NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, WEDNESDAY, JANUARY 31, 2007 Virginia H. Mannering: (202) 606-5304 BEA 07-02 Recorded message: (202) 606-5306 GROSS DOMESTIC PRODUCT: FOURTH QUARTER
More informationFISCAL YEAR ENDING MARCH 2012 FIRST HALF FINANCIAL RESULTS
FISCAL YEAR ENDING MARCH 2012 FIRST HALF FINANCIAL RESULTS Mazda Motor Corporation November 2, 2011 New Mazda CX-5 (European specifications) 1 PRESENTATION OUTLINE Highlights Fiscal Year Ending March 2012
More informationMONTHLY NEW RESIDENTIAL CONSTRUCTION, NOVEMBER 2017
FOR RELEASE AT 8:30 AM EST, TUESDAY, DECEMBER 19, MONTHLY NEW RESIDENTIAL CONSTRUCTION, NOVEMBER Release Number: CB17-206 December 19, - The U.S. Census Bureau and the U.S. Department of Housing and Urban
More informationATD/NADA Official Commercial Truck Guide Update
ATD/NADA Official Commercial Truck Guide Update 2 nd Quarter Review The 2 nd Quarter of 2012 returned strong pricing results on average, although the rate of appreciation has moderated. Retail and wholesale
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared June 1, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.1% in, matching the
More informationLingering Effects of Truckers Strike Impact Planting Plans
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Brazil Post: Brasilia
More informationMONTHLY NEW RESIDENTIAL SALES, SEPTEMBER 2018
FOR RELEASE AT 10:00 AM EDT, WEDNESDAY, OCTOBER 24, MONTHLY NEW RESIDENTIAL SALES, SEPTEMBER Release Number: CB18 160 October 24, The U.S. Census Bureau and the U.S. Department of Housing and Urban Development
More information