Economy
February 14, 2018
Written by Sandy Williams
Manufacturing activity continued to expand in New York State, but at a slower pace in February. The Empire State Manufacturing Survey general business index dipped five points to 13.1.
A slight increase in new orders was offset by a similar decrease in shipments. Unfilled orders increased slightly and delivery times lengthened.
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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).