Economy
November 23, 2015
Written by Sandy Williams
Manufacturing slowed in November in the Fifth District, according to the Federal Reserve Bank of Richmond. The composite index for manufacturing activity registered -3, down from -1 in October. Shipments were also negative ending at -2. New orders fell six points to -6.
The summary from the Fifth District Survey follows:
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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).