Economy
November 28, 2014
Written by Sandy Williams
The Chicago Business Barometer dropped 5.4 points to 60.8 in November, wiping out October’s sharp increase, and moving closer to September’s level of 60.5. Manufacturing growth continues but at a slower pace.
New orders slid 11.7 points to 61.9 following a one year high in October. Overall, barring an unexpected December decline, orders should be higher in Q4 than Q3.
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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).