US Drill Rigs Running Up 262 from One Year Ago US drill rigs running up 262 from one year ago, increased by 7 from the previous week, for a total of 528 drill rigs running in the US last week. Canadian drillers added three rigs to 165, up 90 rigs from 1 year ago. US [...]
Small Business Confidence Rose 0.4 Points Small business confidence rose 0.4 points in August as five of the ten components of the National Federation of Independent Business (NFIB) Optimism Index improved during the month. Empire State Manufacturing Grew at a Swift Pace September 2021 The Federal Reserve Bank of New York released its Empire State [...]
US Steel Industry Ranks Fourth in the World The US steel industry ranks fourth in the world and in the week ending September 25, 2021, raw steel production was 1,880,000 net tons at an ACUR of 85.2%, up 0.3% from the previous week. In a sour note, I just became aware, as I have not [...]
US Drill Rigs Running Up 241 from One Year Ago US drill rigs running up 241 from one year ago. There were 497 drill rigs running in the US last week, down 11 rigs from the previous week, I suspect as a result of hurricane Ida which has shutdown oil production in the Gulf for two [...]
New Orders Increased in New York State in August New orders increased and shipments grew slightly, according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for August. It reports business activity continued to expand in New York state, according to firms responding to the survey, though growth was slower than last [...]
491 US Drill Rigs Running Last Week There were 491 US drill rigs running in the US last week, up 3 rigs from the previous week, up 244 rigs from 1 year ago. Canada added 3 rigs last week, to 156, up 109 rigs from 1 year ago. US Raw Steel Production Down From Previous [...]
The US economy added 943,000 jobs in July and the unemployment rate dropped to 5.4 percent. Manufacturing Sector Grew in July for 14th Consecutive Month The Institute for Supply Management (ISM) released its July 2021 Manufacturing ISM Report on Business and reports economic activity in the manufacturing sector grew in July with the overall economy [...]
Demand is Strong According to the Chicago Business Barometer Demand is strong according to the Chicago Business Barometer, which jumped to 73.4 in July, a two-month high and the second highest pandemic era reading. Demand is strong but firms remain concerned about supply chain disruptions and rising prices. Among the five main indicators, Production saw [...]
Year-Over-Year Real GDP Growth Forecast Year-over-year real GDP growth forecast by the Conference Board is 6.6 percent for 2021 and a healthy 3.8 percent for 2022. The Conference Board Leading Economic Index (LEI) for the US increased by 0.7 percent in June. June’s gain in the US LEI was broad-based and, despite negative contributions [...]
New York Business Activity Grew at a Record-Setting Pace New York business activity grew at a record-setting pace in July. The Federal Reserve Bank of New York's Empire State Manufacturing Survey for July 2021 reports the state's outstanding growth, according to firms responding to the survey. The headline general business conditions index shot up 26 [...]
