5/29/15 The Chicago Business Barometer Fell Back into contraction in May, The Chicago Business Barometer fell sharply back into contraction in May, reversing all of April’s gain and casting doubt on the strength of the widely expected bounce back in the US economy in the second quarter. The Barometer fell 6.1 points to 46.2 in [...]
Industrial Production Contraction for Fifth Straight Month Points to Dimmer US Growth A slew of recent soft economic data has fueled fresh expectations of dimmer US growth, underscoring the already-anemic economy’s unusual vulnerability to even fleeting shocks…. The Fed on Friday reported US industrial production contracted in April for the fifth straight month, down a [...]
US raw steel production Steel production slid 2.7 percent last week as mills operated at an ACUR of 70.4 percent. In the corresponding week last year mills operated at an ACUR of 77.3 percent. On the year, mills have operated at an ACUR of 72.3 percent, down from 77.0 percent in the like period last [...]
US employers resumed a solid pace of hiring last month and the jobless rate fell, priming the economy to snap back from a brutal winter…the unemployment rate fell to 5.4 percent.” WSJ, Friday 5/8/15 5/4/15 Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders March 2015: New Orders for manufactured durable goods in March [...]
5/1/15 The Institute for Supply Management released its April 2015 Report on Business Economic activity in the manufacturing sector expanded in April for the 28th consecutive month and the overall economy grew for the 71st consecutive month say the nation’s supply executives in this latest report. The April PMI registered 51.5 percent, the same reading [...]