Optimistic Future Conditions Suggested Fairly optimistic future conditions are suggested by indexes assessing the six-month outlook which improved noticeably, after slumping in January. The Federal Reserve Bank of New York Empire State Manufacturing Survey for February 2019 Reports Modest Growth The Federal Reserve Bank of New York released its Empire State Manufacturing Survey for February [...]
US Census Bureau Full Report for November 2018 US Census Bureau Full Report for November 2018 on Manufacturers' Shipments, Inventories and Orders: New orders for manufactured durable goods, down two consecutive months, decreased 0.6 percent. Shipments of manufactured durable goods, down two consecutive months decreased 0.6 percent. Inventories decreased after twenty-four consecutive monthly increases, falling [...]
Best January for Stocks in 30 Years The resilient US economy has fueled the best January for stocks in 30 years...banks and smaller companies that were among the market's laggards last quarter have helped stocks, a sign investors are favoring sectors tied to the US economy. WSJ Short Term Interest Rates Remain Unchanged Short term [...]
US Raw Steel Production 1,912,000 Tons Week of 1/19/2019 US raw steel production 1,912,000 tons the week of 1/19/2019 as mills operated at an ACUR of 80.7%. In the like period Las year, mills operated at an ACUR of 73.6%. US Drill Rigs Running 1050 There are 1050 drill rigs running in the US, down [...]
Visit Us at the SHOT Show in Las Vegas Visit us at the SHOT Show where we have a booth at the SHOT Show Supplier Showcase Monday and Tuesday, the 21st and 22nd at the Sands Convention Center in Las Vegas, NV. If you are attending, please stop by and say hello. It would be [...]
Small Business Optimism Drops Again in December Small business optimism drops again in December. According to the National Federation of Independent Business (NFIB) the Small Business Optimism index fell 0.4 point in December, marking its fourth consecutive drop. The bulk of the drop was in expectations for the economy, likely reflecting fallout from the stock [...]
US Employers Added 312,000 Jobs in December US employers added 312,000 jobs in December, the fastest pace since February and wages surged, suggesting the economy maintained strong momentum at the end of 2018 even as financial markets sank. WSJ The Chicago Business Barometer eased to 65.4 in December from 66.4 in November. Three of the [...]
US SBQ Spot Market Prices Slip US SBQ spot market prices slip for most grades of special bar quality (SBQ) in AMM’s latest assessment on Friday 12/14 driven by late year discounting although overall demand remains strong. Sources indicated that lead times stretch from late February to early March 2019. The price for 1.000” Round [...]
Chinese Tariff on US Auto Imports Now 15% Chinese tariff on US auto imports now 15%, down from 40% currently, after China agreed to lower it ... Big Win. US Drill Rigs Running Slipped Last Week The number of drill rigs running in the US slipped by one last week, to 1,075. Led by Oklahoma, [...]
Small Business Index Jumped to New All-Time High Small business owners do not appear to have been unnerved by the recent rise in trade tensions with China or the associated sell off in the stock market. The latest quarterly Wells Fargo/Gallup Small Business Index jumped 11 points to new all-time high. Wells Fargo Today is [...]
