US LEI Increased 0.3% in June The Conference Board Leading Economic Index was released on Thursday and reports the LEI increased 0.3 percent in June following a 0.2 percent decline in May and a 0.5 percent increase in April. The US LEI increased in June, reversing its May decline. Improvements in initial claims for unemployment insurance, [...]
US Raw Steel Production Retreated Last Week US raw steel production retreated 1.2 percent last week as mills operated at an ACUR of 73.9 percent. In the corresponding week last year mills operated at an ACUR of 72.1 percent. Thus far this year mills have produced approx. 33,000,000 tons at an ACUR of 71.6 percent [...]
Industrial Output Slowed in March US industrial output slowed in March, a signal that weakness persists for manufacturers and the energy industry. Industrial production-a broad gauge of output across US factories, mines and power plants-decreased a seasonally adjusted 0.6% in March from the prior month. Output has fallen for six of the past seven months. [...]
The Federal Reserve Bank of Philadelphia November 2015 Manufacturing Business Outlook Survey Indicated Slightly Positive General Activity Manufacturing conditions in the region showed slight improvement this month, according to firms responding to the Survey. The indicator for general activity was slightly positive this month, following two months in negative territory.” Conference Board Leading Economic Index [...]
US Raw Steel Output US raw steel output rose 3.3 percent last week as mills operated at an ACUR of 72.8 percent. In the corresponding week last year, mills operated at an ACUR of 79.6 percent. On the year mills have produced prox 47,000,000 tons at an ACUR of 72.4 percent, down from prox [...]
Industrial Production Contraction for Fifth Straight Month Points to Dimmer US Growth A slew of recent soft economic data has fueled fresh expectations of dimmer US growth, underscoring the already-anemic economy’s unusual vulnerability to even fleeting shocks…. The Fed on Friday reported US industrial production contracted in April for the fifth straight month, down a [...]