Economy
September 29, 2018
Written by Sandy Williams
The Chicago Business Barometer dropped to a five-month low in September, sliding down 3.2 points to 60.4.
Production and new orders continued solid growth in September, but softened to a six-month low for production and a five-month low for orders. Output and weaker demand was noted by some firms, although many continue to outperform their own forecasts, said MNI Indicators.
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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).