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Industrial Production Surged in August

Industrial Production Surged in August Industrial production surged 0.6% in August, with widespread gains. The 0.5% rise in manufacturing alleviates concerns about the factory sector's slowdown. Wells Fargo Existing Home Sales Beat Expectations Existing home sales beat expectations, rising in August. Wells Fargo Federal Reserve Cut Interest Rates for the Second Time On Wednesday the [...]

2019-10-02T14:38:13+00:00A View|

Increasing Raw Material Costs Driving SBQ Prices Up

Increasing Raw Material Costs Driving SBQ Prices Up Increasing raw material costs driving SBQ prices up by $1 per hundredweight ($20/per ton) across all grades with market participants reporting lead times for hot rolled bar that extend into early February 2019. AMM's price assessment for 1 inch round 1000 series hot rolled bar was at [...]

2018-10-22T15:40:38+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|

Solid Growth in US Economy

Expect Solid Growth in US Economy into the New Year The Conference Board Leading Economic Index (LEI) for the US increased 1.2 percent in October following increases in August and September (.01 and .04 respectively). The US LEI increased sharply in October as the impact of the hurricanes dissipated,” said Ataman Ozyildirim, Director of Business [...]

2017-11-27T15:32:55+00:00A View|

Highest Shipments Index Since December 2010

Highest Shipments Index Since December 2010 Reported by Federal Reserve Bank of Richmond Fifth District Survey of Manufacturing Activity for September   Supported by a sizeable increase in the index for shipments-which, at a reading of 22, is the highest shipments index since December 2010, the composite manufacturing index rose from 14 to 19, according to [...]

2017-09-30T09:24:08+00:00A View|

Business Activity Rebounded Strongly

June Business Activity Rebounded Strongly in New York State Business activity rebounded strongly in New York State according to firms responding to the Federal Reserve Bank of New York Empire State Manufacturing Index Survey for June. The headline general business conditions shot up to its highest level in more than two years. The New Orders index [...]

2017-06-16T18:21:44+00:00A View|

Business Outlook is “Positive But Tenuous”

August 2016 Manufacturing Business Outlook Survey Suggests "Positive But Tenuous" Growth The Federal Reserve Bank of Philadelphia released its August 2016 Manufacturing Business Outlook Survey and reports firms responding to the survey suggest “positive but tenuous” growth. The diffusion index for current general activity moved from a negative reading to a marginally positive reading while the [...]

2016-08-19T15:39:38+00:00A View|