Economy
April 27, 2016
Written by Peter Wright
The Broad Index value of the US $ peaked on January 20th at 126.2, and on April 15th (latest figure available) was rated at 119.7, a decline of 5.2 percent. This is the lowest value since November 3rd 2015 (Figure 1).
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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).