Economy
January 4, 2017
Written by Sandy Williams
Global manufacturing reached a three year high in December, finishing out the year with the JPMorgan Global Manufacturing PMI at 52.7, up from 52.1 in November.
After a flat first half, the second half of 2016 showed steady growth in the manufacturing sector. The December survey by IHS Markit indicates global manufacturing is growing at a rate of 4 to 5 percent.
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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).