USA Drill Rigs Running Rose by 10 Last Week to 491 The number of USA drill rigs running rose by 10 last week to 491, led by Texas, up by eight. At this time last year there were 885 American drill rigs (AMM) pulling black gold from the earth. We have got a ways to [...]
August 2016 Manufacturing Business Outlook Survey Suggests "Positive But Tenuous" Growth The Federal Reserve Bank of Philadelphia released its August 2016 Manufacturing Business Outlook Survey and reports firms responding to the survey suggest “positive but tenuous” growth. The diffusion index for current general activity moved from a negative reading to a marginally positive reading while the [...]
Thus Far This Year, Steel Mills Produced Prox 54,200,000 Tons US raw steel production rose 1 percent from the prior week as mills operated at an ACUR of 72.6 percent. In the corresponding week last year mills operated at an ACUR of 72.2 percent. Thus far this year, mills produced prox 54,200,000. In the like [...]
Manufacturing Economic Activity Expanded for the Fifth Consecutive Month According to the July 2016 Manufacturing ISM Report on Business, manufacturing economic activity expanded in July for the fifth consecutive month while the overall economy grew for the 86th consecutive month. The July PMI registered 52.6 percent, a decrease 0f 0.6 percentage point from the June [...]