Global Macro Perspectives
(For August 2010) U.S. factory orders fell 0.5% in August. The consensus was at -0.3%, prior reading was at 0.1%. Factory shipments fell 0.6%, July reading was at 1.2%. We have gap in the making between orders and shipments. Chart 1. U.S. Manufacturers New Orders & Shipments
(For August 2010) Pending home sales index rose 4.3% in August vs. revised rise of 4.5% in July. On year level, the index is down 20.1%, Chart 1. Pending Home Sales Index
(For The Week Ending October 1, 2010) Number of crude oil drilling rigs rose for 14; Number of natural gas drilling rigs fell for 5. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes Monthly World Rig Count
(For The Week Ending September 24, 2010) U.S. railroads originated 300,908 carloads, up 10.8% compared with the same week in 2009, but down 6.7% compared with 5-year average. Week over week change was -1.2% (due to Labor day). Chart 1. Association of American Railroads U.S. Freight Carloads
(For September 2010) U.S. total motor vehicle sales for September rose 0.27 million units to 11.73 million SAAR. Chart 1. U.S. Motor Vehicle Sales Market share of domestic producers fell 0.4% to 75.2%. Chart 2. U.S. Motor Vehicle Sales Domestic vs. Foreign Market Share
Baltic dry index rose 0.3% last week; Capesize Index was up 9.5%; Panamax Index fell 11.3%; Supramax Index fell 1.9%; Handysize Index was down 2.9%. So, capesize gains offset other component losses. Data flow is tainted by holiday season in China (Mid Autumn Festival – from September 22 to September 24 and National Day – from October 1 to […]
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