Happy Halloween Ghouls and Goblins…. 10/30/2014 from the Bureau of Economic Analysis (BEA): The FIRST of 3 estimates on third quarter GDP growth was issued today- the value of the production of goods and services in the United States-adjusted for price changes-increased at an annual rate of 3.5 percent in the third quarter of 2014, [...]
US raw steel production rose 1.0 percent last week ... as mills operated at an Average Capability Utilization Rate (ACUR) of 75.7 percent. In the corresponding week last year mills operated at an ACUR of 76.5 percent. For the year mills have operated at an ACUR of 77.1 percent up 0.5 percent from the same [...]
Total Industrial Production rebounded 1.0% in September following a slight 0.2% dip in August. Output for August was revised 0.1 percent lower. Manufacturing output reversed course in September rising 0.5%. The September jump in total production was the largest increase in 22 months but looking beneath the headlines, half the advance can be accounted for [...]
U.S. BACKBONE OF STEEL HAS TURNED BRITTLE “Steel is power. Any nation that expects to project strength and resolve must produce steel. Throughout US history steel has been an irreplaceable underpinning of our economic and military might. It’s why Abraham Lincoln insisted on building steel plants to supply the biggest infrastructure project of his time: [...]
“US job growth rebounded in September and the jobless rate fell below 6% for the first time since mid-2008 suggesting the labor market is improving faster than previously thought.” Wall Street Journal From the Bureau of Economic Analysis (BEA): Personal income increased 0.3 percent and disposable personal income increased 0.3 percent in August. The Texas [...]