As part of the American Supply Association’s monthly commodity report updates from its Industrial Piping Division, here is the January economic summary.
● Corporate spending rebounded slightly; investment was up 0.2% in November (latest available) and was up by 0.4% Y/Y.
● Despite the industrial side of the U.S. economy slipping into contraction, the consumer side of the U.S. economy remains strong with advanced retail sales growing 6.0% Y/Y through December (latest available).