Category: Economy

New York state saw a continued decline in manufacturing activity in July, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.

Commercial planning, specifically data center demand, drove the Dodge Momentum Index (DMI) higher in June. The DMI registered 198.6 last month, 10.4% above May’s revised reading of 179.9, Dodge Construction Network (DCN) reported on Tuesday. This is also a 7% boost over year-ago levels.  The DMI tracks the value of nonresidential construction projects entering the […]

US manufacturing activity contracted again in June, as reported in the latest release from the Institute for Supply Management (ISM).

The Chicago Business Barometer rebounded in June following May’s four-year low, according to Market News International (MNI) and the Institute for Supply Management (ISM).

The Index continues to indicate weak business conditions amongst architecture firms.

Uncertainty surrounding demand, the US presidential election, tariffs, and taxes is weighing on North American metalforming companies.

New York state manufacturers reported dismal business conditions in June. This is the seventh consecutive month of negative readings, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.

Interest rate stability and growing owner and developer confidence helped push the Dodge Momentum Index (DMI) higher in May.

US manufacturing activity contracted in May for the second month in a row, according to the latest report from the Institute for Supply Management (ISM). After a brief expansion in March, ISM’s manufacturing index has since returned to contraction, where the manufacturing sector has been for 18 of the last 19 months. The ISM Manufacturing […]

Economic growth was modest, at best, from April through early May in most economic districts observed by the Federal Reserve.

The Chicago Business Barometer tumbled lower in May, now at the lowest measure recorded since May 2020 according to Market News International (MNI) and the Institute for Supply Management (ISM).

The major steel-handling port in Burns Harbor, Ind., is getting substantial infrastructure upgrades.

Most metalformers expect economic activity to be level to down over the next three months, according to the May Business Conditions Report from the Precision Metalforming Association (PMA).

The Architecture Billings Index (ABI) from the American Institute of Architects (AIA) and Deltek indicated architecture firm billings remained soft through April

US housing starts ticked up through April following March’s dip, according to the latest data release from the US Census Bureau.

New York state continues to see deteriorating manufacturing business conditions through May, according to the latest Empire State Manufacturing Survey

Construction spending in the US in March was basically steady from the previous month but showed notable year-on-year (y/y) growth.

The Index had briefly showed expansion in March, but has indicated a contracting manufacturing sector for 17 of the last 18 months.

The Chicago Business Barometer slipped further in April, now at the lowest measure recorded since November 2022.

An important economic indicator for the nonresidential construction industry declined in March to its lowest point in more than three years.

While general economic conditions across the US improved slightly over the last six weeks, activity in the manufacturing sector was weak, according to the Fed’s latest Beige Book report.

A lot of economists were predicting a recession last year. Ken Simonson, chief economist for The Associated General Contractors of America (AGC), wasn’t one of them.

Following a strong February, US housing starts eased through March to a seven-month low, according to the most recent data from the US Census Bureau.

New York state saw a continued decline in manufacturing activity in April, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York

Global steel demand will reach roughly 1.793 million metric tons (1.976 million short tons) this year, an increase of 1.7% over 2023, the World Steel Association (worldsteel) said in its updated Short Range Outlook report. The gain will come after a 0.5% contraction in steel demand in 2023. Demand is forecasted to increase another 1.2% […]

The Dodge Momentum Index (DMI) fell again in March, marking one of the lowest index readings of the past two years according to Dodge Construction Network data released Friday.

US construction spending in February was mostly steady from January but showed significant gains from last year.

Following 16 months of contraction, US manufacturing activity expanded in March according to the latest report from the Institute for Supply Management (ISM).

The Chicago Business Barometer slipped to a 10-month low in March, according to Market News International (MNI) and the Institute for Supply Management (ISM). The March Purchasing Managers Index (PMI) reading eased 2.6 points to 41.4, marking the fourth consecutive month it has been in contracting territory.

The Architecture Billings Index (ABI) indicated architecture firm billings continue to decline through February, according to the American Institute of Architects (AIA) and Deltek. While the latest reading does not indicate improving business conditions, it is one of the higher measures seen in recent months, suggesting the recent slowdown may be diminishing.