Economy
September 15, 2014
Written by Sandy Williams
Manufacturing activity in New York in September was at its highest level since late 2009. The general business conditions index rose 13 points to 27.5 according to the survey by the Federal Reserve Bank of New York.
The new orders index rose three points to 16.9 while the shipments index advanced two points to 27.1—both exhibiting strong growth for the month.
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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).