U.S. Raw Steel Production Increased

U.S. Raw Steel Production Increased 3.3% U.S. raw steel production increased in the week ending 9/5/20. US raw steel production was 1,428,000 net tons at an ACUR of 63.7 percent, an increase of 3.3 percent from the previous week. 9/11 Nineteenth Anniversary This week ends with the sobering anniversary of the terrorist events which occurred [...]

2020-09-14T12:58:22-04:00A View|

Texas Factory Activity Expanded

Texas Factory Activity Expanded for the Third Straight Month Texas factory activity expanded in the month for the third straight month, following the record contraction in the spring, according to the Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey results for August. Perceptions of broader business conditions improved; the general business activity index turned [...]

2020-09-14T12:45:24-04:00A View|

Builder Confidence Rose Sharply

Builder Confidence Rose Sharply Builder confidence rose sharply, as evidenced by the surge in new-home sales. New home sales topped expectations in July, surging 13.9% to a 901,000-unit annual rate. Sales jumped in the more affordable areas. US consumer spending rose 1.9% in July... US Drill Rigs Running Increased Last Week There were 254 drill rigs [...]

2020-08-31T11:36:08-04:00A View|

Housing Starts Surged in July

Housing Starts Surged in July Housing starts surged 22.6% in July to a 1.496 million-unit pace. Single-family starts rose 8.2 percent while apartment building skyrocketed 56.7 percent. Empire State Manufacturing Reports Edge Up The Federal Reserve Bank of New York released its Empire State Manufacturing Survey for August 2020 and reports business activity edged slightly [...]

2020-08-31T11:01:33-04:00A View|

Existing Home Sales Rose 20.7% in June

Existing Home Sales Rose 20.7% in June US existing home sales rose 20.7 percent in June as low mortgage rates and re-openings around the US helped push sales up from May. CFNAI Increased in June Led by improvements in production and employment related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +4.11 in [...]

2020-07-27T16:53:27-04:00A View|

Texas Factory Activity Rebounded Strongly

Texas Factory Activity Rebounded Strongly Texas factory activity rebounded strongly, according to the Federal Reserve Bank of Dallas released its Texas Manufacturing Outlook Survey for June and the business executives responding to the survey. The Production Index, a key measure of manufacturing conditions, climbed from -28.0 to 13.6, indicating moderate expansion in output. Other measures [...]

2020-07-27T16:41:12-04:00A View|

Record US Retail Sales in May

Record US Retail Sales in May Record US retail sales rose to 18% in May. Total spending remained below pre-pandemic spending...but it is certainly headed in the right direction. June Manufacturing Business Outlook Survey Reports Positive Indicators The Federal Reserve Bank of Philadelphia released its June Manufacturing Business Outlook Survey and reports current indicators for [...]

2020-06-26T15:28:25-04:00A View|
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