Economy
August 1, 2015
Written by Sandy Williams
The Chicago Business Barometer pulled out of contraction in July with a gain of 5.3 points to register 54.7, indicating an expansion in manufacturing activity.
Production rose by 12 points to 61.8 accompanied by a strong gain in new orders. Both production and new orders expanded at the fastest pace since January.
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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).