Economy
October 31, 2017
Written by Sandy Williams
The Chicago Business Barometer hit a six-and-a-half year high in October, rising to 66.2 from 65.2 in September.
Demand and output jumped during the month. New orders rose to their highest level since June, and production increased to its highest reading since August 2014.
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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).