Twitter | Search | |
Dr Thomas Kevin Swift
Educator, investor & business economist; current chief economist, American Chemistry Council and NABE president. Views are my own. E: drthomaskswift@icloud.com
1,321
Tweets
24
Following
417
Followers
Tweets
Dr Thomas Kevin Swift retweeted
Oxford Economics 14h
We see increased risks of markedly higher . Although Arabia will likely boost production to partly offset the US ending waivers on imports from , spare capacity is being drained:
Reply Retweet Like
Dr Thomas Kevin Swift 19h
reported that its index of truck tonnage fell 2.3% in March and follows a 1.5% decline in February. Bad weather affected tonnage but it’s indicative of the slow 1Q . This index is a great of activity
Reply Retweet Like
Dr Thomas Kevin Swift 19h
During March, in the global slipped 0.2 points to 83.1%. This is down from 84.8% last March and below the long-term (1987-2017) average of 86.4%.
Reply Retweet Like
Dr Thomas Kevin Swift 19h
1Q 2019 continues on a slow note with the headline Global CPRI rising only 0.1% in March. Production gained in Europe, Africa & the Middle East, and Asia-Pacific but fell elsewhere. The Global CPRI stood at 116.8% of its average 2012 levels.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 24
Updated my . It’s a tug of war between favorable factors (underlying demographics, low interest rates, rising incomes, etc.) and unfavorable factors (lack of lots, labor shortages, etc.). The long, slow recovery in housing continues.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 24
Early in the supply chain, the leads the cycle in most economies and the measure of China’s March chemical featured another solid gain, extending the recovery that started in September.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 23
Some good news on : Led by gains in the Midwest, South and West, March new home sales rose 4.5% to a 692K pace. With stable inventories this pushed months’ supply down to 6.0, a little closer to the LT average. Sales were up 3.0% Y/Y. Good report for the .
Reply Retweet Like
Dr Thomas Kevin Swift Apr 23
Another dismal report on : survey of business in the 5th District reported that manufacturing activity moderated in April, with shipments and volumes of new orders fell into contraction territory. expenditures, however, expanded.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 23
Looking a recent six-month growth comparisons in CAB leading of the ; there are glimmers of hope of improving activity in the closing months of the year.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 23
After four months of decline and a 0.2% gain in March, CAB leading of the accelerated to a 0.5% gain in April and signals likely rise in and activity into 4Q 2019; diffusion index held steady at 65%.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 22
March fell 4.9% to a 5.21 mm unit pace. Sales fell across all regions despite rising employment, higher incomes and lower interest rates. Sales were off 5.4 % Y/Y while median prices up 3.8% Y/Y. Months’ supply rose to 3.9 months with limited low-end .
Reply Retweet Like
Dr Thomas Kevin Swift Apr 19
The attached heat map of US specialty market volumes shows evolution of these 28 functional and market segments and is indicative of trends in . Clearly shows recent softness in the sectors of the .
Reply Retweet Like
Dr Thomas Kevin Swift Apr 19
Of 28 specialty segments, results were mixed with eight expanding in March, one flat, and 19 experiencing decline. During March, large market volume gains (1.0% and over) occurred only in and chemicals.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 19
US specialty market volumes eased 0.2% in March after flat activity in February and 0.3% gain in January; volumes were up 3.8% Y/Y. Performance reflects trends in .
Reply Retweet Like
Dr Thomas Kevin Swift Apr 19
starts eased 0.3% to a 1.14 million unit pace. Weakness was centered in single-family houses. showed a 1.7% drop, to a 1.27 million unit pace. The West was the only region featuring a gain. That permits are above starts is encouraging. Disappointing.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 18
leading (LEI) rose 0.4% in March, the largest gain in six months. Eight of the ten subcomponents contributed positively in the month. The report suggests improving activity. Good report on the .
Reply Retweet Like
Dr Thomas Kevin Swift Apr 18
rose 0.1% to $1,446.8 billion in February. Business rose 0.3% to $2,017.4 billion, resulting in the overall inventory-to-sales ratio stabilizing at 1.39 months’ supply. Sales up 2.4% Y/Y but inventories up 4.9% Y/Y, an imbalance.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 18
sales rose 1.6% to $496.1 billion in March and more than offsets a 0.2% decline in February. Gains were broad-based across segments and even stripping away sales of volatile segments such as vehicles and gasoline, the gains were still healthy. Good report on the .
Reply Retweet Like
Dr Thomas Kevin Swift Apr 18
Latest survey indicated that the region's sector continued to grow (but at a slower pace) in April. Shipment growth also eased from last month but new orders and labor measures improved. Firms remain generally optimistic for the next six months.
Reply Retweet Like
Dr Thomas Kevin Swift Apr 17
trade in rose 2.7% to $11.38 billion in February. fell 1.8% to $12.79 billion at the end of February and the inventory-to-sales ratio fell from 1.18 to a 1.12 months’ supply. An imbalance has been alleviated at this stage of the supply chain.
Reply Retweet Like