General business conditions index climbed 19 points
General business conditions index climbed 19 points, per the Federal Reserve Bank of New York Empire State Manufacturing Survey results for October 2025. It reports business activity increased modestly, according to firms responding to the survey.
The headline general business conditions index climbed nineteen points to 10.7, its third positive reading in the last four months. New orders edged higher, and shipments increased. Delivery times were slightly longer, and supply availability continued to worsen somewhat. Inventories were little changed.
October 2025 Manufacturing Business Outlook Survey reports manufacturing activity in he region was mixed
The Federal reserve Bank of Philadelphia released its October 2025 Manufacturing Business Outlook Survey results and reports manufacturing activity in he region was mixed, according to firms responding to the survey. The survey’s index for current general activity fell significantly and turned negative, more than offsetting last month’s increase. The shipments index declined but remained positive, while the new orders index rose.
US raw steel production down from previous week
In the week ending October 11, 2025, US raw steel production was 1,722,000 net tons at an ACUR of 76.0 percent, this is down 1.5 percent from the previous week ending October 4, 2025.
adjusted YTD production was 70,220,000 net tons through October 11, 2025 at an ACUR of 77.0 percent.
US drill rigs running down from previous week
There were 547 drill rigs running in the US last week, down two rigs from the previous week, down thirty-nine rigs from one year ago. Canadian drillers added three more rigs last week, to 193, this is down twenty-six rigs from one year ago.
News Headlines
We woke Monday hearing the 20 hostages still held by Hamas, have been released. This is wonderful news for everyone. There remains twenty-eight bodies of deceased hostages which need to be recovered and returned to their families.
President Trump is being applauded around the world for engineering this peace as he flew to Israel to be welcomed by Netanyahu and a host of other world leader from France, Italy, Canada, India, Egypt, Indonesia and others. This is quite a historic day, and hopefully, a world-changing event, for the better.
Not yet confirmed, but I just read that Canada is removing all retaliatory tariffs on the USA. I am sure the president will grant them the same courtesy in return…if it is fact.
Friday 10/17/25 Day 17 of the government shutdown. Both sides believe they have the upper hand, I am not so sure. The Democrats are hell-bent on spending $1.5 trillion on what I consider to be mostly nonsense, i.e. money for healthcare for illegals, money for left leaning radio, NPR, and a continuation of the expiring Obamacare subsidies, and a myriad of other favors for their favorites. Republicans in the The House have already passed a clean CR (continuing resolution) to fund the government and give the two sides time to negotiate a deal by late November. The CR neither adds nor subtracts any funding. We do not need to spend this money, their demands are ridiculous, in my view.
MAKE AMERICA GREAT AGAIN
“KEEP AMERICA GREAT”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”
