Housing Starts Rose in November

Housing Starts Rose in November Single family housing starts rose 2.4% in November, multi-family starts by 4.9% and overall building permits rose 1.4%. Wells Fargo November existing home sales declined 1.7% in November but are still up 2.7% over the year. Sales should continue to improve with support from lower mortgage rates though inventory shortages [...]

2020-01-02T22:03:36-05:00A 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 [...]

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

North American Steel Output Increased

North American Steel Output Increased North American steel output increased by 4.9% year on year in March to 10.29 million tons. Steel production in the USA inched up by 5.3% year on year to 7.26 million tons. AMM Global crude steel production rose by 4% year on year in March, partly attributed to Chinese production. [...]

2018-04-30T19:36:31-04:00A 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 [...]

2018-03-30T18:07:52-04:00A View|

Caterpillar Sales and Profit Forecast Raised

Caterpillar Sales and Profit Forecast Raised Caterpillar sales and profit forecast raised as demand for construction and mining equipment has grown. WSJ Real Gross Domestic Product (GDP) Increased at an Annual Rate of 3.0 Percent Real Gross Domestic Product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017, according [...]

2017-11-20T16:42:27-05:00A View|

New York State Business Activity Grew Modestly in July

New York State Business Activity Grew Modestly in July New York State business activity grew modestly in July, according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for July 2017. U.S. Drill Rigs Running Held Steady The number of drill rigs running in the US held steady last week as gains [...]

2017-07-21T04:43:29-04:00A View|

Consumer Confidence Increased

The Conference Board Index Shows Consumer Confidence Increased Sharply in March Consumer confidence increased sharply in March to its highest level since December 2000,” said Lynn Franco, Director of Economic Indicators at the Conference Board. “Consumers’ assessment of current business and labor market conditions improved considerably. Consumers also expressed much greater optimism regarding the short-term [...]

2017-03-31T15:58:11-04:00A View|
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