Economy
February 15, 2019
Written by Sandy Williams
Manufacturers in New York State report that business activity improved in February. The general business index of The Empire State Manufacturing survey rose five points to post 8.8 after falling the previous two months.
Indexes for new orders and shipments remained strong in February. The index for new orders climbed four points to 7.5, while the shipment index fell eight points to a still sturdy 10.4.
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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).