Economy
February 28, 2016
Written by Sandy Williams
Durable goods in January rose 4.9 percent in January, reversing a December’s plunge of 4.6 and perhaps indicating stabilization for U.S. manufacturing. The January jump was the biggest monthly gain since March 2015.
Orders rose for all major categories of the industrial goods but especially for autos and aircraft.
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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).