Economy
June 30, 2014
Written by Sandy Williams
The Chicago Business Barometer slipped 2.9 points to 62.6 in June, but the Institute for Supply Management (ISM) and MNI Indicators says the barometer continues to be high and “consistent with a bounceback in Q2 GDP.”
The barometer gained momentum in Q2 to an average reading of 63.7, staying above 60 for three months in a row and bouncing back after a fall to 58.4 in Q1.
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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).