SMU Data and Models
December 4, 2014
SMU Steel Buyers Sentiment Index Remains at +52
Written by John Packard
SMU Steel Buyers Sentiment Index came in at +52 this week. This is the same reading we got back in the middle of November 2014 The +52, which is within the optimistic range for our index, was 10 points less enthusiastic than what we measured at the beginning of November. One year ago our current index was +39.
The three month moving average (3MMA) continued to slide for the third consecutive month. We have seen our three month moving average decline from +61.83 in September to its current level at +58.83. Even with a sideways move on the current index, the longer term trend for the 3MMA is at this moment looking like it will move lower from here. We won’t know until mid-January if this is just a seasonal move or something we need to be more concerned about.
