Economy
April 29, 2017
Written by Sandy Williams
The Chicago Business Barometer in April reached its highest level since January 2015, posting a score of 58.3 from 57.7 in March.
Growing demand for manufactured products pushed new orders up 5.5 points to a near three-year high. The production index in April was at another high level although receding slightly to 59.5 from 61.7.
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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).