Highest Inflation Rate Since February 1982 With the highest inflation rate since February 1982, the Consumer Price Index increased 0.6 percent in January on a seasonally adjusted basis. Over the last 12 months, inflation has burned at a 7.5 percent rate before seasonal adjustment. US Raw Steel Production Down from Prior Week In the week [...]
Led by Declines in Production-related Indicators, the Chicago Fed National Activity Index (CFNAI) Fell in December Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to -0.15 in December from +0.44 in November. Two of the broad categories of indicators used to construct the index made negative contributions in December. [...]
Owners' Expectations for Earnings Raise Small Business Optimism Led by owners' expectations for earnings, economic conditions and staffing, seven of the Small Business Optimism Index 's 10 components increased during the month. The NFIB small Business Optimism Index edged 0.5 points higher in December, to 98.9. Staffing concerns and inflation remain the most pressing issues for [...]
US LEI Rose Again in September The US LEI rose again in September, though at a slower rate, suggesting the economy remains on a more moderate growth trajectory compared to the first half of the year,” said Ataman Ozyildirim, Senior Director of Economic Research at the Conference Board. The Conference Board Leading Economic Index (LEI) [...]
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 [...]
US Drill Rigs Running Up 212 From a Year Ago US drill rigs running up 212 from one year ago. There were 475 drill rigs running in the US last week, up 5 rigs from the previous week. Canadian drillers added 10 rigs to 136, up 118 rigs from 1 year ago. US Raw Steel [...]
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 [...]
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 [...]
