Economy
November 7, 2013
Written by Peter Wright
This morning’s report from the Bureau of Economic Analysis surprised on the upside with a growth of 0.7 percent from Q2 and 2.82 percent annualized. GDP in Q3 2013 was 1.65 percent higher than in Q3 2012. This data is the first estimate for the third quarter; revisions have often been substantial recently.
The following is an extract from this morning’s BEA report.
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To kick off the official sessions of the 2023 Steel Summit, Dr. Anirban Basu, chairman and CEO of the Sage Policy Group, focused on the broader context in which steel prices are set, outlining major factors currently shaping economic outcomes in our country.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
As mortgage rates continue to rise and housing demand slows, builder confidence is waning. A drop in July housing starts was the first in seven months.
Economic activity in the US manufacturing sector contracted for the ninth month in a row in July, according to the latest report on business from the Institute for Supply Management (ISM).