Economy
January 3, 2018
Written by Peter Wright
The growth of U.S. Gross Domestic Product in the third quarter of 2017 maintained the strong performance of the second quarter.
On Dec. 20, the Bureau of Economic Analysis released the third estimate of GDP growth in the third quarter. Growth was reported to be 3.16 percent quarter-on-quarter and 2.3 percent year-on-year. At the end of this piece are some expanded definitions of GDP.
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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).