The total tonnage for the week ending February 16th was 1,886 million tons, (Mt) at a capacity utilization rate of 81.0%, which is the fifth consecutive month where the utilization has been over 80%. For the year of 2019, total tonnage output was 13,273Mt, at an average capacity utilization rate of 80.8%. In 2018, the [...]
ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing composite index decreased by 1.3 of a point month on month, (m/m) to a strong 56.7 in January. The indexes remain strong in 2019, up 1.3% 3MMA y/y. The advance in the index points to continued growth in the nonmanufacturing segment as the fundamentals remain strong for [...]
The Institute of Supply Management’s Index moved up 2.3 points on month, (m/m) to 56.6 for January 2019. This value is an encouraging sign for the manufacturing sector. The index has been greater than 50, (>50 = expansion) for twenty-nine consecutive months. The new orders sub-index scored a 58.2. Overall, the ISM manufacturing index is strong [...]
