Global Trade Affected by Critical Water Levels in Panama Canal
The Panama Canal, a vital passage for global ocean shipments, is currently facing a significant challenge due to drought conditions in the surrounding areas.This environmental issue has led to a decrease in water levels available for the canal’s operation, resulting in restrictions on both the number and the maximum allowable weight of ships passing through.The […]
Mixed Construction Data by Segment YTD 2023
A wide gap in data has unfolded between commercial, non-building, and residential construction thus far in 2024. Residential construction and the housing market has cooled, with mortgage rates topping 8% and a drop in home sales and the number of houses on the market. In stark contrast to this, commercial, nonresidential and nonbuilding construction has […]
Consumer Spending, Inflation Still Hot
Corporate earnings reports, spending indicators, and inflationary tracking mechanisms have all stayed relatively hot as summer comes to an end. While spending has pivoted slightly from household upgrades and other hard goods to travel and out-of-home experiences as the Covid era is behind us, consumers are still in fact spending. It appears consumers have gotten […]
Plan Ahead for Q4 Weather Impacts
As the calendar turns to November, it’s been a relatively quiet hurricane season thus far, with minimal significant storms and damage to the regions where industry is most concentrated in the US Southeast and Gulf areas. While there is still time for storms to brew in the Atlantic, a relatively calm hurricane season is a […]
Brace for Impact: Q4 Forecasts Spike in Prices Amid Surging Oil, Gas, and Freight Costs
As we transition into the final quarter of the year, a shift in the economic landscape is brewing, casting ripples of price escalations across various sectors. After a prolonged period of tranquility in the markets, signals of change are emerging as letters indicating price increases start to resurface, ending the respite that lasted for the […]
