Positive Economic News Roundup

1. World steel production increased in July to 127.5 million metric tons, which was an increase of 11.5% from its year-earlier level, and a 21.1% gain from two years ago.  Steel production increased in July by 15.5% in China and by 10.2% in the U.S. from a year ago.

2. The Conference Board announced recently that its Leading Economic Indexes for June increased in Mexico (0.1%), the Euro Area (0.3%), France (0.5%) and Germany (0.80%).


3. The hotel industry trade association is reporting positive results for July in the three key performance metrics for the U.S., Brazil and Canada.   

4. According to weekly box office data from BoxOffice Mojo, sales receipts for the Top 12 movies during the week of August 12-18 this year ($214 million) were 7.2% ahead of the comparable week last year ($199.7 million).

5. The Chicago Fed Midwest Manufacturing Index increased 0.5% in July, following a 0.30% increase in June.  It was the highest level for the index in almost three years, since October 2008. 

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