QMG data - Neutral for the USA however Volume growth remains encouraging

Each month QMG runs a fact based research model over vast quantities of statistical data collected from government agencies. Our data-driven approach produces factual observations across 3 key drivers of corporate profitability – price, cost and volume. We have just completed our review of the July 2015 data from the USA - our overall view remains neutral. Our data points to volume recovery encouraging small sales improvements however margins remain under pressure. Homebuilders, Autos, Heavy Equipment/Machinery and Beef processors are the standouts this month. We are negative on Coal, Chemicals, Oil Explorers and Steel. The aggregate of all the sectors we cover gives an overall average sales growth figure of just -0.63% yoy compared to +3.59% we observed 6 months ago and +5.1% pcp. Margins are just +51bps yoy, +148bps 6 months ago and +144bps pcp. The 1st chart shows how the US has moved over the past 12 months versus our Sales/Margin ratings and the 2nd chart shows Price, Cost and Volume history for Residential Construction, one of our top rated sectors. Subscribers can view the full report (VIEW LINK)


QMG provides insights into global markets that traditional research does not and has an innovative and data-driven approach as its foundation. The unique model we use analyses large quantities of information and produces monthly observations...

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