Market Update





The Gerdau Market Update tracks and analyzes over 100 data streams that affect long steel consumption, attempting to provide the latest on market trends. Below, you will find the most recent information about Macroeconomics, Steel Econometrics, Construction and Manufacturing as it becomes available.

View Block
Architectural Billings Index: April’s 2022 national Architectural Billings Index of 56.5 was down 1.5 points from March’s 58.0, which is within the expansionary zone, (>50). U.S. architecture firms specializing in multifamily residential and Institutional all reported an increase in design activity in April.
Currency Report: The trade-weighted U.S. Broad Dollar Index posted a reading of 117.3118 in April, up 0.77% m/m, steadily increasing the last two months. This index value is up 4.13% on a year on year (y/y) basis.
Construction Put-in-Place, (CPIP): Total U.S. construction spending continued to perform well in March 2022, especially in the private sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that March’s three month total (3MT) construction expenditures grew by 14.9% year on year (y/y) to $376.6 billion. On a 12MT basis, private expenditures advanced 16.4% y/y, state & local decreased by 0.7% y/y, and federal spend decreased 5.1% y/y.
ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 1.2 points month on month (2.1% m/m) to 57.1 in April 2022.
ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down 1.7 points month on month (m/m) to 55.4 for April 2022; this value is stronger than the forecast of 50.  The new orders sub-index scored a 53.5. Overall, the ISM manufacturing index is strong, while the global economy is beginning to strengthen again following shutdowns throughout Covid-19.
ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down 1.7 points month on month (m/m) to 55.4 for April 2022; this value is stronger than the forecast of 50.  The new orders sub-index scored a 53.5. Overall, the ISM manufacturing index is strong, while the global economy is beginning to strengthen again following shutdowns throughout Covid-19.
a

Subscribe

To subscribe to the Market Update emails, please fill the form below.