Economy
January 25, 2019
Written by Sandy Williams
The Chicago Business Barometer for December was revised downward to 63.8 from 65.4 following annual seasonal adjustments.
The changes resulted in higher growth for first and second quarter, no change in third quarter, but a downward revision for the fourth quarter. The results indicate a cooling of growth at the end of 2018, 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).