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 [...]
US Raw Steel Production Increased 0.3 Percent US raw steel production increased 0.3 percent in the week ending March 6, 2021. It was 1,755,000 net tons at an ACUR of 77.4 percent, this is a 0.3 percent increase from the prior week. US Drill Rigs Running Up One from Prior Week There were 403 drill [...]
Unemployment Rate Edged Down to 6.2% The unemployment rate edged down to 6.2% as the US economy added 379,000 jobs in February. Manufacturing Sector Grew in February The Institute for Supply Management (ISM) released its Manufacturing Report on Business and reports economic activity in the manufacturing sector grew in February, with the overall economy notching [...]
Leading Economic Index Jumped 0.5% in January The Conference Board Leading Economic Index jumped 0.5% in January, beating consensus estimates. Led by improvements in personal consumption-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.66 in January from +0.41 in December. All four broad categories of indicators used to construct the index made [...]
