SMU Data and Models
September 8, 2016
SMU Steel Buyers Sentiment Index Wavering Yet Still Optimistic
Written by John Packard
The SMU Steel Buyers Sentiment Index has been showing signs of a rebound as our Current Index is being released as +63 this week. This is a +2 point improvement from the middle of August and +5 point improvement since the beginning of August.
However, SMU prefers to look at our Current and Future Sentiment Indexes based on a three month moving average (3MMA). This helps take any single data point gyrations out of the data and provide a clearer picture of the underlying trend.
