#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…
Tag: Tariffs
#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…
#METALMARKETUPDATE – JANUARY ’23
The ISM Manufacturing Index (PMI) fell for the second straight month to 48.4 in December, following a score of 49 in November. The reading shows further contraction in factory activity,…
#METALMARKETUPDATE – DECEMBER ’22
The ISM Manufacturing Index (PMI) fell to 49 in November, the lowest mark since May of 2020. The change from October (50.2) wasn’t stark, but the reading below 50 does indicate…
#METALMARKETUPDATE – NOVEMBER ’22
The ISM Manufacturing Index (PMI) continued to decline in October, registering a 50.2 reading from the 50.9 level in September. The new orders metric contracted for the fifth consecutive month, possibly…
