US Drops Tariffs on Steel and Aluminum Imports

US Drops Tariffs on Steel and Aluminum Imports US drops tariffs on steel and aluminum imports, according to a US Department of Commerce announcement on October 31. It will drop tariffs on steel and aluminum imported from the E.U. and replace them with a quota system to allow for some duty-free tax imports. In exchange, [...]

2021-12-03T13:50:23-05:00A View|

US LEI Rose Again in September

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) [...]

2021-12-03T13:17:08-05:00A View|

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|
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