Economy
September 15, 2015
Written by Brett Linton
The September 2015 Empire State Manufacturing Index declined for the second consecutive month, indicating a slowing in business activity for New York manufacturers.
The general business conditions index declined from -14.9 to -14.7. Prior to August,the index has been hovering around the zero point for four months indicating that business activity has been subdued.
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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).