#METALMARKETUPDATE – JUNE ’23
The ISM Manufacturing Index (PMI) fell to 46.9 in May 2023 from 47.1 in April. The reading indicated a seventh consecutive month of contraction in the manufacturing sector, as companies…
Tag: Tariffs
#METALMARKETUPDATE – MAY ’23
The ISM Manufacturing Index (PMI) increased to 47.1 in April 2023. This is a welcomed change as it rose from its three-year low of 46.3 seen in March. These figures still suggest economic activity…
#METALMARKETUPDATE – MAY ’23
The ISM Manufacturing Index (PMI) increased to 47.1 in April 2023. This is a welcomed change as it rose from its three-year low of 46.3 seen in March. These figures…
#METALMARKETUPDATE – APRIL ’23
The ISM Manufacturing Index (PMI) decreased to 46.3 in March, the lowest since May 2020. This could be implying that the rising interest rates and growing recession fears are starting…
#METALMARKETUPDATE – MARCH ’23
The ISM Manufacturing Index (PMI) reached 47.7 in February, slightly higher than we saw in January at 47.4 but it fell short of the projected 48. This is the fourth…
#METALMARKETUPDATE – FEBRUARY ’23
The ISM Manufacturing Index (PMI) fell to 47.4 in January, the lowest seen since May 2020. This is the third consecutive contraction in factory activity, for what is assumed to…
