Economic Indicators Data
SONAR’s near-real time data is a game changer, providing additional insight for major economic releases before they come out. Major economic data releases are packed full of insight for various segments of the economy, but the lag leaves the most recent trends in the market absent for those looking to make decisions based on what’s going on now.
SONAR data includes these popular data sets like the Institute for Supply Management’s Purchasing Management Index, Industrial Production, Housing Starts and much more all in one place! Make pivots and plan for changes in increasing activity sooner, plan for capacity and price fluctuations while operations adjust to current market changes, and forecast with a better understanding of your industry's current climate.
SONAR offers employment data for major sectors of the economy. The employment numbers will tell you the general health and direction of the sector’s economic well being. Increasing employment numbers indicate an expanding need for workers, which means the sector has the funds available to increase employment levels. Comparing them against each other provides a deeper understanding of the economic direction of the country.
Estimated for-hire truck driver employment: DRVRE is a daily estimate produced by SONAR data scientists of the monthly employment figures for the truck transportation industry released by the Bureau of Labor Statistics. While DRVR measures employment in the truck driving occupation, DRVRE measures employment in the for-hire truck driving industry. The numbers here are in thousands and are non-seasonally adjusted.
Macro Economic Indicators
SONAR offers dozens of macro economic indicators that show economic activity across the economy. The macro economic is important in developing economic forecasts and monitoring the state of the economy. With the breakdown on major economic indicators by factor and sector, SONAR users can manage their forecasts by commodities and factors they have direct exposure of.
Consumer Conditions and Confidence
The consumer is the backbone of the U.S. economy, especially while other segments slow in their pace of growth. The status of those consumers plays a pivotal role in their ability to prop up the overall U.S. Economy. The amount of disposable income of consumers impacts their ability to facilitate these purchases.
SONAR offers real personal disposable income data broken out on a monthly basis, as well as year-over-year for rate of change comparisons.
Real disposable income is a post-tax adjustment that shows the changes in income for households. The higher this is, the more they can spend on goods and services. The goods component, in particular, has implications for freight movements throughout the country. The more goods are purchased, the tighter capacity is, placing upward pressure on rejection rates.
Consumer conditions are critical not only for the freight industry, but for the overall economy. Many of these conditions come to light when we take a look at consumer credit conditions. Measures such as total consumer credit outstanding (CCO) and delinquency rates (DRCC) tell us if consumers are feeling confident about spending, the health of the labor market or if they are starting to overextend themselves financially. Another essential condition for consumers is the labor market. The four-week moving average for weekly jobless claims (WJC) shows the amount of individuals filing for unemployment and is another indicator or consumer conditions.
- WJC – Weekly Jobless Claims
- PFICA – Current General Activity (Philadelphia FED)
- PFIFA – Future General Activity (Philadelphia FED)
- ESMICC – Current General Business Conditions (ESMI)
- ESMIFC – Future General Business Conditions (ESMI)
- DFICA – Current General Business Activity (Dallas FED)
- DFIFA – Future General Business Activity (Dallas FED)
- HDP – Household Debt Service Payments as a Percent of Disposable Personal Income
- DRCC – Delinquency Rate on Credit Card Loans
- CFNAI – Chicago Fed National Activity Index
- TMIS – Manufacturers’ Inventory/Sales Ratio
- TRIS – Retailers’ Inventory/Sales Ratio
- TWIS – Wholesalers’ Inventory/Sales Ratio
- CCO – Total Consumer Credit Outstanding ($B)
- CCONR – Total Non Revolving Outstanding ($B)
- CCOR – Total Revolving Credit Outstanding ($B)
- MVLO – Motor Vehicle Loans Outstanding ($B)
- MDO – Mortgage Debt Outstanding ($M)
- WJCG – Weekly Jobless Claims YoY Change
- PFICAG – Current General Activity (Philadelphia FED) YoY Change
- PFIFAG – Future General Activity (Philadelphia FED) YoY Change
- ESMICCG – Current General Business Conditions (ESMI) YoY Change
- ESMIFCG – Future General Business Conditions (ESMI) YoY Change
- DFICAG – Current General Business Activity (Dallas FED) YoY Change
- DFIFAG – Future General Business Activity (Dallas FED) YoY Change
- HDPG – Household Debt Service Payments as a Percent of Disposable Personal Income YoY Change
- DRCCG – Delinquency Rate on Credit Card Loans YoY Change
- CFNAIG – Chicago Fed National Activity Index YoY Change
- TMISG – Manufacturers’ Inventory/Sales Ratio YoY Change
- TRISG – Retailers’ Inventory/Sales Ratio YoY Change
- TWISG – Wholesalers’ Inventory/Sales Ratio YoY Change
- CCOG – Total Consumer Credit Outstanding ($B) YoY Change
- CCONRG – Total Non Revolving Outstanding ($B) YoY Change
- CCORG – Total Revolving Credit Outstanding ($B) YoY Change
- MVLOG – Motor Vehicle Loans Outstanding ($B) YoY Change
- MDOG – Mortgage Debt Outstanding ($M) YoY Change
- ORDR – Orders ($M)
- ORDRG – Orders YoY Change
Institute For Supply Management (ISM) Indices
The ISM is a U.S. based non-profit organization that specializes in researching measures related to “supply management”. The ISM defines supply management as:
“the identification, analysis, determination, procurement, and fulfillment of the goods and services an organization needs to meet short- and long-term objectives.”
In layman’s terms, it is basically everything involved in making a product and distributing it. Transportation is a major factor. We now have 22 monthly indices that effectively measure production levels, pricing, employment, and orders to name a few main categories. The ISM has been around for over a hundred years and is highly regarded as one of the most reliable sources of information on macro-economic trends. The Purchasing Managers Index ™ is their primary measure of the general economy and like the rest of their indices a value above 50 indicates growth while a value below indicates shrinking.