CFNAI

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Chicago Fed National Activity Index Fell in July

Led by Declines in Production-Related Indicators, the Chicago Fed National Activity Index Fell in July Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to -0.36 in July from +0.03 in June. All four broad categories of indicators that make up the index decreased from June, and all four categories made [...]

2019-09-04T16:21:50+00:00A View|

LEI Increased 3 Consecutive Months

LEI Increased 3 Consecutive Months The LEI increased 3 consecutive months, according to the Conference Board Leading Economic Index (LEI) for the US, which showed an increase of 0.2 percent in April following a 0.3 percent increase in March and a 0.2 percent increase in February. The US LEI rose in April, the third consecutive [...]

2019-05-29T12:30:01+00:00A View|

Chicago Business Barometer Signaled Expansion 33 Consecutive Months

Chicago Business Barometer Signaled Expansion 33 Consecutive Months The MNI Chicago Business Barometer surged to an eleven month high in November, up 8 points from October. The months result, sitting above the neutral 50-mark, means the Barometer signaled expansion 33 consecutive months. Driving the November increase were soaring orders and higher output. After easing in [...]

2018-12-03T15:20:10+00:00A View|

Leading Economic Index Increased in September

The Conference Board Leading Economic Index Increased in September  The Conference Board Leading Economic Index (LEI) for the US increased 0.5 percent in September following a 0.4 percent August increase and a 0.7 percent increase in July. The LEI improved further in September, suggesting the US business cycle remains on a strong growth trajectory heading into [...]

2018-10-30T10:42:29+00:00A View|

Texas Manufacturing Activity Maintained Strong Momentum

Texas Manufacturing Activity Maintained Strong Momentum in August Texas manufacturing activity maintained strong momentum in August, reports the Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey for August 2018, according to business executives responding to the survey. Perceptions of broader business conditions remained highly positive. Chicago Fed National Activity Index (CFNAI) Declined in July [...]

2018-09-04T18:44:42+00:00A View|

Steel Dynamics Announced Base Price Increase

Steel Dynamics Announced Base Price Increase Steel Dynamics (SDI) announced a base price increase for Special Bar Quality (SBQ) products of $50/per ton ($2.50/cwt) effective with September 1 shipments. I'm sure the other hot mills and drawing mills will follow with their own announcements soon enough. Chicago Fed National Activity Index (CFNAI) Rebounded in June [...]

2018-07-31T17:33:28+00:00A View|

Chicago Business Barometer Highest Level Since January

Chicago Business Barometer Highest Level Since January The Chicago Business Barometer at highest level since January, rose to 64.1 in June. New orders were up for the second straight month while prices paid reached their highest level since May 2011. Lead times and backlogs also increased in June. Texas Factory Activity Continued in June The [...]

2018-07-04T19:05:58+00:00A View|

Strong Growth in Empire State Business Activity

May 2018 Empire State Manufacturing Survey Reports Business Activity Grew Strongly The Federal Reserve Bank of New York released its May 2018 Empire State Manufacturing Survey and reports business activity grew strongly in New York State, according to firms responding to the survey. The headline general business conditions index climbed four points. The new orders [...]

2018-05-29T19:54:46+00:00A View|

Timken Steel Raised SBQ Prices

Timken Steel Raised SBQ Prices In a leading move, Timken Steel raised SBQ prices. The Canton, Ohio company raised its special bar quality (SBQ) product prices by $50-$150 per ton effective Wednesday March 28, 2018. This comes after SBQ mills in the USA slated base price increases effective with April 1 shipments. US producers raised SBQ [...]

2018-03-30T18:07:52+00:00A View|