Post on 12-Apr-2017
Key Economic and Market Indicators for North America – August 2016BY: PAUL YOUNG, CPA, CGA
Paul Young - Bio
CPA, CGA 25+ years experience in Financial Analysis & Planning, Audit/Controls,
Taxation, Financial Solution, Academia, Business Process Improvements Email: Paul_Young_CGA@Hotmail.com
Agenda Global Forecast Commodity Price Automotive Production Steel Production Steel processing Class 8 Truck Sales Power Generation – Canada Power Generation – USA Oil Rigs AG Equipment Housing Starts Employment – Canada Employment – USA Wages Manufacturing – USA Manufacturing – Canada Merchandise Trade – Canada Merchandise Trade – USA Retail Sales – USA Retail Sales – Canada
Industry Indicators
Global GDP Forecast
Source: Scotiabank
Commodity Prices
Source: BMO
Commodity Prices
Source: BMO
Automotive Production
Source: Scotiabank and Ward Automotive
Steel Production
Source: ttps://www.worldsteel.org/media-centre/press-releases/2016/August-2016-crude-steel-production2.html
Metal Processing Centers
Source: American Machinist
Class 8 Truck Sales
Source: The Trucker
Energy / Canada
Source: http://www.iea.org/
Energy / USA
Source: http://www.iea.org/
Oil Rigs
Source: Baker Hughes
AG Equipment
Source: Association of Equipment Manufacturers
Economic Indicators
GDP
Source – Stats Canada
The output of goods-producing industries rose 1.0% in July, with mining, quarrying, and oil and gas extraction contributing the most to the gain. Manufacturing, the agriculture and forestry sector, and utilities also increased, while construction decreased. The output of service-producing industries advanced 0.3% in July. Most sectors posted increases, led by finance and insurance, transportation and warehousing, and accommodation and food services. The public sector (education, health and public administration combined) was essentially unchanged.
Housing Starts
Source: BEA, Scotiabank and BMO
Employment - Canada
Source: Stats Canada
Wages / Growth
Source: Stats Canada
Employment – United States
Source: http://www.bls.gov/news.release/pdf/empsit.pdf
Manufacturing Sales – United States
Source: BEA
Manufacturing Sales – Canada
Source: Stats Canada
Merchandise Trade – Canada
Source: Stats Canada
Merchandise Trade – United States
Source: BEA
Retail Sales - USA
Sales at U.S. retailers dropped more than forecast in August, indicating a pause in recent consumer-spending strength that has carried the economy.
Purchases declined 0.3 percent from July, the first drop in five months, after a revised 0.1 percent advance in the previous month, Commerce Department figures showed Thursday in Washington. The median projection of economists surveyed by Bloomberg called for a 0.1 percent decline. Excluding cars, sales unexpectedly fell 0.1 percent.
An easing in vehicle buying matched a lackluster performance elsewhere, with sales falling in seven of 12 retail categories outside autos. While low borrowing costs, cheap gasoline prices and steady job gains should keep a floor under demand, wage growth remains slow and sustained weakness in consumer spending could limit any second-half economic rebound.
Source: Bloomberg
Retail Sales – Canada
Source: Stats Canada
Summary
Economic growth for 2016 continues to be downgraded Hanjin bankrupty has caused delays with shipments New government policies Cap and Trade / Carbon Tax Infrastructure funding slowed in Canada Countries adopting BEPS Reporting Productivity has worsen in both Canada and United States
Other Sources
Retail Sales - http://www.slideshare.net/paulyoungcga/canada-retail-sales-for-july-2016
Retail Sales - http://www.slideshare.net/paulyoungcga/united-states-retail-sales-for-august-2016-analysis-and-commentary
Manufacturing – Canada - http://www.slideshare.net/paulyoungcga/canada-manufacturing-sales-for-july-2016
Canada Labour Market - http://www.slideshare.net/paulyoungcga/employment-market-canada-august-2016
Oil and Gas Sector - http://www.slideshare.net/paulyoungcga/oil-and-energy-canada-august-2016
Merchandise Trade - http://www.slideshare.net/paulyoungcga/merchandise-trade-canada-july-2016