North American Steel Output Increased North American steel output increased by 4.9% year on year in March to 10.29 million tons. Steel production in the USA inched up by 5.3% year on year to 7.26 million tons. AMM Global crude steel production rose by 4% year on year in March, partly attributed to Chinese production. [...]
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 [...]
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 [...]
Led by declines in production and employment related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to -0.23 in March from +0.76 in February. Three of the four broad categories of indicators that make up the index decreased from February. The index’s 3 month moving average, CFNAI-MA3 decreased to -0.01 in March from +0.12 [...]
