Economy
March 1, 2019
Written by Peter Wright
Consumer confidence rebounded in February as the negative effect of the government shutdown receded.
The Conference Board measure of consumer confidence declined each month November through January and surged in February. It appears that the shutdown had a major effect on consumers’ expectations, but not so much on their perception of the present situation.
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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).