Economy
September 10, 2013
ISM Steel Buyers Optimistic on Orders and Economy
Written by Sandy Williams
ISM Steel Buyers in August showed more optimism that orders will improve for the next three months. Buyers expecting an increase rose to 47.1 percent, up from 38.9 percent, while the percentage of buyers expecting business to remain the same rose to 41.2 percent from 33.3 percent last month. General economic activity over the next six months is also expected to increase said buyers. Sales and production over the next six months for the industry is expected to improve according to 52.9 percent of respondents (up from 38.9 percent in July).
