Economy
October 22, 2019
Pace of U.S. Manufacturing Output is Contracting
Written by Peter Wright
Based on Steel Market Update’s analysis of 10 indicators, U.S. manufacturing output is now contracting and articles manufactured from iron and steel are down by 6.1 percent year over year.
This report summarizes 10 data streams that describe the state of U.S. manufacturing in general and the steel industry in particular. In data released in October, the year-over-year growth rate of six of the 10 data streams was negative on a three- month moving average (3MMA) basis and one was positive.
