Economy
March 13, 2019
Written by Sandy Williams
Orders for manufactured durable goods increased for the third month in a row, gaining 0.4 percent in January despite economists’ predictions of a decline.
Orders were driven by an increase in transportation orders, especially orders for civilian aircraft, which grew 15.9 percent. Excluding the volatile transportation category, durable goods orders declined 0.1 percent.
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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).