First Estimate of 2022Q4 GDP at 2.9 Percent The first estimate of 2022Q4 GDP at 2.9 percent, but drilling into the numbers shows housing in a recession, taking transportation out of the equation leaves GDP growth in a negative position. US Raw Steel Production Up from Previous Week In the week ending 1/21/23, US raw [...]
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 [...]
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 [...]
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 [...]
Chicago Fed National Activity Index (CFNAI) Reports Improvements in Production-related Indicators We begin the week with the release of the Chicago Fed National Activity Index (CFNAI) which reports that improvements in production-related indicators the CFNAI rose to +0.49 in April from +0.07 in March. Two of the four broad categories of indicators that make up [...]
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 [...]
Led by declines in production and employment related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to -0.23 in March from +0.76 in February. Three of the four broad categories of indicators that make up the index decreased from February. The index’s 3 month moving average, CFNAI-MA3 decreased to -0.01 in March from +0.12 [...]
The Keystone Pipeline: Dragging on for four years now a decision on the project will not be made any time soon, despite support by a majority in the US Senate where last week 53 members signed a letter urging President Obama to approve the project. Shovel ready jobs…..waiting, waiting…. The Purchasing managers index [...]
December 7, 2012: Pearl Harbor Day "A day that will live in infamy" Take a moment to pray for and give thanks to all those who have served, fought, fought and died and who have been mentally or physically wounded protecting the freedom we enjoy. Be aware of their supreme sacrifice. In economic and [...]
