Third Quarter GDP Increased 2.9% The Bureau of Economic Analysis (BEA) released its “advance” estimate of third quarter 2016 GDP and reports real gross domestic product increased at an annual rate of 2.9 percent in the third quarter. In the 2nd quarter, real GDP increased 1.4 percent. Again, this is the first of three monthly [...]
LEI Increased 0.2% in September The Conference Board Leading Economic Index was released and shows the LEI increased 0.2 percent in September following a 0.2 percent decline in August. The US LEI increased in September, reversing the August decline, which together with the pickup in the six month growth rate suggests that the economy should [...]
US Raw Steel Production Retreated Last Week US raw steel production retreated 1.6 percent last week as mills operated at an ACUR of 66.8 percent. In the corresponding week last year mills operated at an ACUR of 68.1 percent. Thus far this year mills have produced prox 68,763,000 tons compared to the prox 70,000,000 tons [...]
Overall Economy Grew for 88th Consecutive Month The Institute for Supply Management (ISM) issued its September 2016 Manufacturing ISM Report on Business and reports economic activity in the manufacturing sector expanded in September following a contraction in August and the overall economy grew for the 88th consecutive month. The report was issued by Bradley J. [...]
Consumer Confidence Increased for Second Consecutive Month The Conference Board Consumer Confidence Index, which had increased in August, improved further in September. Consumer confidence increased in September for a second consecutive month and is now at its highest level since the recession.” GDP Increased in Q2 2016 Real gross domestic product increased at an annual [...]