Third Quarter GDP Increased 2.9% The Bureau of Economic Analysis (BEA) released its “advance” estimate of third quarter 2016 GDP and reports real gross domestic product increased at an annual rate of 2.9 percent in the third quarter. In the 2nd quarter, real GDP increased 1.4 percent. Again, this is the first of three monthly [...]
Well, it’s Thursday and there has not been any economic news of note to report this week. Raw steel production was down 1.0 percent from the week before. SBQ base prices will rise $40.00 per ton on September 1, 2014. That was announced by Gerdau and Nucor on Monday, Republic followed yesterday. This is interesting: [...]
US raw steel production inched up 0.4 percent last week as mills operated at an annual capability utilization rate (ACUR) of 77.9 percent. In the corresponding week last year mills operated at an ACUR of 80.9 percent. On the year mills have operated at an ACUR of 76.2 percent compared to the same period last [...]
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 [...]
Last week US raw steel production was down 1.6 percent from the previous week as mills operated at an average capability utilization rate of 76.3%. To this point, mills are operating at an average capability utilization rate of 75.7 percent, down from the same period last year when the ACU was 79.1%. Scrap prices [...]