North American Survey of Laboratory Purchasing Trends January 2011
North American Market Trends for August 2016
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Transcript of North American Market Trends for August 2016
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Key Economic and Market Indicators for North America – August 2016BY: PAUL YOUNG, CPA, CGA
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Paul Young - Bio
CPA, CGA 25+ years experience in Financial Analysis & Planning, Audit/Controls,
Taxation, Financial Solution, Academia, Business Process Improvements Email: [email protected]
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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
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Industry Indicators
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Global GDP Forecast
Source: Scotiabank
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Commodity Prices
Source: BMO
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Commodity Prices
Source: BMO
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Automotive Production
Source: Scotiabank and Ward Automotive
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Steel Production
Source: ttps://www.worldsteel.org/media-centre/press-releases/2016/August-2016-crude-steel-production2.html
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Metal Processing Centers
Source: American Machinist
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Class 8 Truck Sales
Source: The Trucker
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Energy / Canada
Source: http://www.iea.org/
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Energy / USA
Source: http://www.iea.org/
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Oil Rigs
Source: Baker Hughes
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AG Equipment
Source: Association of Equipment Manufacturers
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Economic Indicators
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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.
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Housing Starts
Source: BEA, Scotiabank and BMO
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Employment - Canada
Source: Stats Canada
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Wages / Growth
Source: Stats Canada
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Employment – United States
Source: http://www.bls.gov/news.release/pdf/empsit.pdf
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Manufacturing Sales – United States
Source: BEA
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Manufacturing Sales – Canada
Source: Stats Canada
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Merchandise Trade – Canada
Source: Stats Canada
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Merchandise Trade – United States
Source: BEA
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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
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Retail Sales – Canada
Source: Stats Canada
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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
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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