Chicago Business Barometer Rose 7 Points

Chicago Business Barometer Rose to Its Highest Level Since January 2015 The MNI Chicago Business Barometer rose 7.0 points in November, its highest level since January 2015. The increase added momentum to the fourth, four of the five Barometer components increased with only Employment falling. Midwest Economy Index Deceased Slightly The Midwest Economy Index (MEI) [...]

2016-12-30T11:43:17-05:00A View|

SBQ Prices Gained

Special Bar Quality - SBQ prices gained some $40 per ton for January shipment following this month’s rise in No. 1 busheling prices in Chicago, market participants said. Still no base price increases were reported in the market with SBQ tags continuing to ride scrap adjustments. Nonetheless some optimism in the market bodes well for [...]

2016-12-23T15:55:29-05:00A View|

Overall Economy Grew in November

Overall Economy Grew for the 90th Consecutive Month The Institute for Supply Management (ISM) released its November Report on Business: economic activity in the manufacturing sector expanded in November and the overall economy grew for the 90th consecutive month, say the nation's supply executives in the latest report. The November PMI registered 53.2 percent, an [...]

2016-12-02T09:50:57-05:00A View|

Economy Will Continue to Expand into 2017

LEI Suggests Economy Will Continue to Expand The Conference Board Leading Economic Index (LEI) for the US increased 0.1 percent in October following a 0.2 percent increase in September. The US LEI increased in October for a second consecutive month. Although its six month growth rate has moderated, the index still suggests the economy will [...]

2016-11-24T09:08:13-05:00A View|

All Indexes Positive in November

General Activity, New Orders and Shipments Indexes Positive in November The Federal Reserve Bank of Philadelphia released its November Manufacturing Business Outlook Survey; results suggest that regional manufacturing activity continued to expand. The indexes for general activity, new orders and shipments all remained positive in November. Business Activity Stabilized in the Empire State Manufacturing Survey [...]

2016-11-19T11:30:29-05:00A View|

Texas Factory Activity Increased in October

The Federal Reserve Bank of Dallas released its Texas Manufacturing Outlook Survey and reports factory activity increased again in October. The Institute for Supply Management (ISM) October 2016 ISM Report on Business Economic activity in the manufacturing sector expanded in October and the overall economy grew for the 89th consecutive month, say the nation’s supply [...]

2016-11-04T17:16:09-04:00A View|