Manufactured Durable Goods Continue Increase

The Chicago Fed National Activity Index (CFNAI), as of Monday (3/24) Led by improvements in production related indicators, the CFNAI increased to +0.14 in February from -0.45 in January. The index’s three month moving average (CFNAI-MA3) decreased to -0.18 in February from +0.02 in January marking its first reading below zero in six months. February’s CFNAI-MA3 [...]

2014-03-30T22:25:43-04:00A View|

U.S. Raw Steel Production Drops 1.1%

US raw steel production ... dropped back 1.1 percent last week as mills operated at an Average Capability Utilization Rate (ACUR) of 76.5 percent. In the corresponding week last year mills operated at an ACUR of 76.2 percent, according to the American Iron & Steel Institute, Washington. Thus far this year mills have operated at [...]

2014-03-14T20:46:25-04:00A View|

Economy Forging Ahead

The Chicago Business Barometer Released last Friday, it was up 0.2 to 59.8 in February, remaining broadly unchanged. A double digit gain in employment offset declines in new orders, production and order backlogs. Real Gross Domestic Product The output of goods and services produced by labor and property located in the US, increased at an [...]

2014-03-07T21:10:44-05:00A View|
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