Economy
May 2, 2017
Written by Sandy Williams
The JP Morgan Global Manufacturing PMI dipped slightly to 52.8 in April from 53.0 in March. The PMI has shown expansion (above the 50 no-change mark) for 14 months.
Manufacturing conditions slowed in the U.S. but was offset by acceleration in Europe, Japan and the United Kingdom. China expanded at its weakest rate in seven months.
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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).