August PMI Increased 3.2 Percentage Points The August PMI increased 3.2 percentage points from the July reading of 58.1 percent to register 61.3 percent, according to the Institute for Supply Management (ISM) August 2018 Manufacturing ISM Report on Business. Economic activity in the manufacturing sector expanded in August and the overall economy grew for the 112th consecutive [...]
Personal Income Rose in June to 0.4% Personal income rose in June 0.4 percent and revisions to previously reported data show incomes rising a bit more rapidly, additionally, the saving rate was found to be double previous estimates and inflation came in a touch below forecasts. This data paints a much brighter economic picture. Wages rose [...]
The U.S. Economy Created 213,000 Jobs in June The U.S. economy created 213,000 jobs in June. The unemployment rate ticked up to 4.0% from 3.8%, an 18-year low, but steady hiring and an increased number of job seekers suggest the strong labor market drew Americans in from the sidelines. US Labor Dept. Institute for Supply Management [...]
Chicago Business Barometer at Highest Level Since 2011 The Chicago Business Barometer at its highest level since 2011, rose to 67.6 in December. On a calendar quarter basis, the Barometer rose to 65.9 in Q4 from 61.0 in Q3, the best quarterly performance since Q1 2011 and only the second time in the last decade [...]
U.S. Drill Rigs Running Rose to Highest Tally Since 2015 The number of drill rigs running in the United States rose by another 15 last week, led by Texas and Louisiana (up seven and six respectively). This marks the highest tally since September 25, 2015 when 838 rigs were in operation (last week 824). Meanwhile [...]
The Dow Crashed the 21,000 Level Wednesday The Dow crashed the 21,000 level after soaring 197 points on Wednesday. Tell me again about the humming economy created by Obama, the super healthcare law created by Obama, the strategy of leading from behind, excessive regulations, higher taxes, doubling the national debt-on nothing. NO…this was wrong for America, [...]
US Raw Steel Production Jumped 1.9% Last Week US raw steel production jumped 1.9 percent last week as mills operated at an ACUR of 73.3 percent. In the corresponding week last year mills operated at an ACUR of 68.7 percent. On the year mills have produced prox 7,000,000 tons compared to the prox 6,500,000 tons [...]
US Raw Steel Production Jumped 1.9% Last Week US raw steel production jumped 1.9 percent last week as mills operated at an ACUR of 73.3 percent. In the corresponding week last year mills operated at an ACUR of 68.7 percent. On the year mills have produced prox 7,000,000 tons compared to the prox 6,500,000 tons [...]
