Chicago Business Barometer at Highest Level Since December 1983 The Chicago Business Barometer at highest level since December 1983, produced with MNI, accelerated to 72.1 in April. The Barometer is considered to be a leading indicator of the USA economy. Real Gross Domestic Product (GDP) increased at an annual rate of 6.4 percent in the [...]
Chicago Fed National Activity Index Rose in March The Chicago Fed National Activity Index rose to +1.71 in March from -1.20 in February. Led by improvements in, personal consumption and housing related indicators, the index's three-month moving average (CFNAI-MA3) moved up to +0.40 in March. US Raw Steel Production Up 0.5% from Previous Week In [...]
Headline General Business Conditions Index Climbed Nine Points The headline general business conditions index climbed nine points; a multi-year high. That's according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for April, which reports business activity grew strongly in New York State, according to firms responding to the survey. . New [...]
US Raw Steel Production Up 15.7 Percent From Depths of the Covid Recession US raw steel production up 15.7 percent from the depths of the covid recession in the week ending April 3, 2021, when it was 1,766,000 net tons at an ACUR of 77.9 percent. US Drill Rigs Running Up 13 From Prior Week [...]
The Highest Reading in Survey History of 17 Years With the highest reading in survey history of 17 years, the Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey reports the production index, a key measure, surged 28 points. Manufacturing activity expanded at a markedly faster pace in March, according to executives responding to the survey. [...]
US Raw Steel Production Up from One Year Ago US raw steel production up from last year, in the week ending March 20, 2021. US raw steel production was 1,753,000 net tons at an ACUR of 77.3 percent, u p0.7 percent from a year ago. Fifth District Manufacturing Activity Expanded in March The Federal Reserve [...]
Business Grew Solidly in March 2021 Business grew solidly in March, according to The Federal Reserve Bank of New York Empire State Manufacturing Survey of firms responding to the March survey. The headline general business conditions index climbed 5 points, its highest level since last summer. New orders increased modestly; shipments were up substantially. New [...]
US Raw Steel Production Increased 0.3 Percent US raw steel production increased 0.3 percent in the week ending March 6, 2021. It was 1,755,000 net tons at an ACUR of 77.4 percent, this is a 0.3 percent increase from the prior week. US Drill Rigs Running Up One from Prior Week There were 403 drill [...]
Unemployment Rate Edged Down to 6.2% The unemployment rate edged down to 6.2% as the US economy added 379,000 jobs in February. Manufacturing Sector Grew in February The Institute for Supply Management (ISM) released its Manufacturing Report on Business and reports economic activity in the manufacturing sector grew in February, with the overall economy notching [...]
Leading Economic Index Jumped 0.5% in January The Conference Board Leading Economic Index jumped 0.5% in January, beating consensus estimates. Led by improvements in personal consumption-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.66 in January from +0.41 in December. All four broad categories of indicators used to construct the index made [...]
