Demand is Strong

Demand is Strong According to the Chicago Business Barometer Demand is strong according to the Chicago Business Barometer, which jumped to 73.4 in July, a two-month high and the second highest pandemic era reading. Demand is strong but firms remain concerned about supply chain disruptions and rising prices. Among the five main indicators, Production saw [...]

2021-08-23T13:37:20-04:00A View|

Manufacturing Activity Strengthened in May

Manufacturing Activity Strengthened in May Manufacturing activity strengthened in May, according to the most recent Federal Reserve Bank of Richmond Fifth District Survey of Manufacturing Activity report. All three component indexes-shipments, new orders and employment-reflected growth. The Chicago Fed National Activity Index (CFNAI) Declined in April The Chicago Fed National Activity Index (CFNAI) declined to [...]

2021-06-05T07:40:31-04:00A View|

Chicago Fed National Activity Index Rose in March

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 [...]

2021-05-07T13:44:58-04:00A View|

General Business Conditions Index Climbed Nine Points

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 [...]

2021-04-19T10:31:08-04:00A View|

US Raw Steel Production Increased 0.3 Percent

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 [...]

2021-03-22T09:31:34-04:00A View|

Unemployment Rate Edged Down to 6.2%

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 [...]

2021-03-08T16:50:00-05:00A View|

Firms Expect Growth Over Next Six Months

Firms Expect Growth Over Next Six Months Firms expect growth over the next six months, indicated by the high future index readings in the Federal Reserve Bank of Philadelphia January 2021 Manufacturing Business Outlook Survey. It reports manufacturing activity continued to grow, according to firms responding to the survey. The survey's current indicators for general [...]

2021-01-25T13:45:06-05:00A View|

December Manufacturing PMI Up

December Manufacturing PMI Up 3.2% The December Manufacturing PMI up 3.2 percentage points from the November reading, registered 60.7 percent ... the manufacturing economy continued its recovery in December.  According to the Institute for Supply Management (ISM) December 2020 ISM Report on Business, economic activity in the manufacturing sector grew in December and the overall [...]

2021-01-11T10:42:11-05:00A View|
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