Economy
September 3, 2018
Written by Sandy Williams
The August Chicago Business Barometer recorded its first decrease in five months for a three-month low of 63.6 in August. The index was down 1.9 points from July’s reading of 65.5, according to MNI Indicators and the Institute for Supply Management-Chicago.
Output and orders inched up slightly last month giving some firms breathing room to catch up on unfinished orders.
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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).