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Ulbrich Stainless Steels & Special Metals, Inc. News
Web Site:
http://www.ulbrich.com
153 Washington Ave.,
North Haven, CT 06473
Tel: (203) 239-4481
Fax: (203) 234-7973
Stainless Steel and Nickel alloy reroller and disributor supplying material in foil, strip, wire, and bar in 160 alloys worldwide. Ulbrich is a third generation company.
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Economic Update for November 2019
November 18, 2019
Economic Update for November 2019 Americas THE NEWS LAST MONTH OFFERED SOME POSITIVE SIGNS that China and the U.S. may finally be getting closer to a formal trade deal with a tentative agreement on a "phase one" step. The overall U.S. trade deficit widened in the first nine months of 2019, a sign that the administration's approach to trade has so far done little to make a dent in the imbalance. Employment numbers in October were not bad, as the job market remains strong even in the face of labor strikes and trade disputes. General Motors and the UAW settled their costly contract dispute, and Ford agreed to a new deal with similar provisions. The ISM nonmanufacturing index activity reflected growth for the 123rd consecutive month in the non-manufacturing sector and at a faster rate. However, negative data continued to flow from the housing and manufacturing sectors, with factory activity down for the third straight month. Durable goods orders fell sharply, experiencing its biggest setback since May. Warnings of a downturn flashed again from the Conference Board leading economic indicators report. Consumer confidence wavered again and retail sales declined for the first time in seven months. Read More https://www.ulbrich.com/blog/ulbrich-economic-update-number-3-november-2019
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