Order Backlogs at 29 Year High

//Order Backlogs at 29 Year High

Order Backlogs at 29 Year High

 

Order Backlogs at 29 Year High

A marked rise in Order Backlogs at 29 year high, was among the month’s highlights. The Chicago Business Barometer rose to 65.2 in September, up from 58.9 in August, hitting the highest level in more than three years. Optimism among firms about business conditions was bolstered in September after August’s flat showing with all sub-components strengthening.

The Midwest economy index (MEI) decreased in August but remained positive at +0.10, indicating above average growth.

The Institute for Supply Management (ISM) September 2017 Manufacturing ISM Report on Business Shows Expansion

Economic activity in the manufacturing sector expanded in September and the overall economy grew for the 100th consecutive month, say the nation’s supply executives in the latest ISM report.
The report was issued October 2 by Timothy R. Fiore, CPSM, CPM, Chair of the Institute for Supply Management Manufacturing Business Survey Committee.

The September PMI registered 60.8 percent an increase of 2 percentage points from the August reading. The New Orders Index increased, the Production Index increased, the New Orders Index increased. The Production Index increased, the Employment Index increased, the Supplier Deliveries Index increased, the Inventories Index increased. Comments from the panel reflect expanding business conditions.

US Raw Steel Production Last Week Retreated

US raw steel production last week retreated 0.8% as mills operated at an ACUR of 73.2%. in the corresponding week last year mills operated at an ACUR of 68%. Thus far this year mills have produced prox 68,000,000 tons compared to the prox  65,000,000 tons produced in the like period last year.

Factory Orders Show Further Signs of Manufacturing Strength

Factory orders show further signs of manufacturing strength, rising 1.2 percent in August amid a pick-up in aircraft as well as solid core capital goods orders. The gain is consistent with other manufacturing data which suggest the industry is expanding at a healthy clip.

  • New orders for manufactured durable goods in August increased 1.7 percent. This increase, up two of the last three months, followed a 6.8 percent July decrease.
  • Shipments of manufactured durable goods in August, up three of the last four months, increased 0.3 percent, following a 0.1 percent July increase.
  • Inventories of manufactured durable goods in August, up thirteen of the last fourteen months, increased 0.3 percent following a 0.4 percent July increase.

Prayers to those lost and their suffering families and friends from the needless murders in Las Vegas over the weekend.

Music legend Tom Petty passed away of cardiac arrest in his home. Mr. Petty was 66 years old. Another great loss to the world of music.

Drain the Swamp

Last week Tom Price resigned as the head of Health and Human Services following criticism over his use of private jets and a disappointed President Trump. This is a good thing, with our government some $20 trillion in debt there is no need for our public employees to be travelling on private jets, except the President. Aside from necessary circumstance (s) all of these people can travel business class or coach. Are they any better than you or I? No sir…drain the swamp. These directives must come from the top.

In my view these reports reflect the efforts of President Trump to roll back regulations, to pursue tax cuts and tax reform and though not yet accomplished, the sentiment among business is that it will be done. His entire agenda would benefit the country, her people and the world around us. The American people, for the most part, are not idiots. They can see through the rhetoric coming from the left, the same old song “ tax cuts for the rich” with healthcare a “bonus for the rich” ad nauseum. It is all bullshit and if the news would be real, instead of fake, and believe me, the lack of truth in reporting is immense for they do NOT report the good things being done.

How explosive would our economy be? How much higher would wages grow, our standards of living grow? We must support this President, he is nothing they report him to be. He is wealthy beyond need and does not need this job and the shit that comes with it, but he IS a patriot and DOES want his citizens to do and be better off, to love and respect their country, the Flag, our national anthem, our Veterans and serving military, our law enforcement professionals.

We are living in the best possible place on the planet and instead of protesting and complaining, we need to get off our collectives asses and do those things which promote and sustain the well-being of the United States and ALL of her citizens. It is our destiny and our responsibility and should be our great pleasure to do so with extreme pride.

 

Infrastructure  X (Keystone & Dakota pipelines)                  Regulation Reform XX 1 in 2 out

Individual Tax Reform                                                                    Entitlement Reform

Business Tax Reform                                                                      Education Reform  X

Healthcare Reform    X rollback begun                                    Veterans Administration Reform  X

Rebuild our Military        X                                                             Trade Reform  X

Secure our Borders (The Wall)    XX                                           Lead the world from the front  XX

Help for the poor                                                                             Drain the swamp X as we speak

Peace through unmatchable strength                                     Support Israel  X

Destroy ISIS        X                                                                             Extreme Vetting  XX

Conservative Supreme Court nominees XX                           American Jobs   XX

I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“MAKE AMERICA GREAT AGAIN”

Have a great weekend…. God bless America!   

Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.

If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.

By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me@ : rhb@summitsteel.com

TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907

In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed,  or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”

2017-11-20T16:48:48+00:00 A View|