Thus Far This Year, Steel Mills Produced Prox 54,200,000 Tons US raw steel production rose 1 percent from the prior week as mills operated at an ACUR of 72.6 percent. In the corresponding week last year mills operated at an ACUR of 72.2 percent. Thus far this year, mills produced prox 54,200,000. In the like [...]
Manufacturing Economic Activity Expanded for the Fifth Consecutive Month According to the July 2016 Manufacturing ISM Report on Business, manufacturing economic activity expanded in July for the fifth consecutive month while the overall economy grew for the 86th consecutive month. The July PMI registered 52.6 percent, a decrease 0f 0.6 percentage point from the June [...]
Fifth District Survey of Manufacturing Activity for July Improved The Federal Reserve Bank of Richmond released its Fifth District Survey of Manufacturing Activity for July and reports manufacturing activity improved in the month. New orders and shipments increased this month while backlogs flattened. Texas Manufacturing Outlook Survey for July Held Steady The Federal Reserve Bank [...]
US LEI Increased 0.3% in June The Conference Board Leading Economic Index was released on Thursday and reports the LEI increased 0.3 percent in June following a 0.2 percent decline in May and a 0.5 percent increase in April. The US LEI increased in June, reversing its May decline. Improvements in initial claims for unemployment insurance, [...]
Industrial production increased 0.6 percent in June Industrial production increased 0.6 percent in June after declining 0.3 percent in May. For the 2nd quarter as a whole, industrial production fell at an annual rate of 1.0 percent, its third consecutive quarterly decline. Capacity utilization for the industrial sector increased 0.5 percentage point in June to [...]
New Orders for Manufactured Goods Down in May 2016 Manufactured Goods Shipments, Inventories and Orders for May 2016 per The US Department of Commerce Full Report New orders for manufactured goods in May were down 1.0 percent following two consecutive monthly increases. Shipments of manufactured goods, up three consecutive months, were virtually unchanged in May. Inventories [...]
Overall Economy Grew for 84th Consecutive Month The Institute for Supply Management (ISM) released its May Manufacturing Report on Business and reports economic activity in the manufacturing sector expanded in May for the third consecutive month while the overall economy grew for 84th consecutive month. The report was issued 7/1/16 by Bradley J. Holcomb, CPSM, [...]
CFNAI Fell in May to -0.51 Led by declines in production related indicators, the Chicago Fed National Activity Index/CFNAI fell in May to -0.51 from +0.05 in April. All four broad categories which comprise the index decreased in April and all four made negative contributions to the index. The index’s three month moving average (CFNAI-MA3), decreased [...]
June 2016 Empire State Manufacturing Survey Indicates Business Activity Expanded Business activity expanded modestly for New York manufacturers, according to the Federal Reserve Bank of New York June 2016 Empire State Manufacturing Survey. US Raw Steel Production Rose 1.1 Percent US raw steel production rose 1.1 percent last week as mills operated at an ACUR of [...]
US Raw Steel Production Dropped 0.8 Percent Last Week US raw steel production dropped 0.8 percent last week as mills operated at an ACUR of 75.3 percent. In the corresponding week last year mills operated at an ACUR of 73.7 percent. Thus far this year mills have produced approximately 38,000,000 tons at an ACUR of [...]