Economy
September 18, 2014
Written by Sandy Williams
The Philadelphia Fed Manufacturing Business Outlook Survey registered a drop of 5.5 points to 22.5 in September after recording its highest reading since March 2011 at 28.0 in August.
Orders and shipments increased by 1 and 5 points, respectively, while indexes for unfilled orders and delivery times were positive 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).