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In The News:

Economic Trends

Industrial Production Down 0.1% in August

The output of utilities rose 1 percent.
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U.S. Import & Export Prices Down in August

Decline in prices driven by lower fuel prices.
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European Industrial Production Up 1% in July

Up by 0.7 percent in EU28.
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July U.S. Cutting Tool Consumption Down 1.1% from June

Total cutting tool consumption was $170 million in July.
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July Wholesale Revenues Up 0.7% from June

Sales of durable goods were up 8 percent year-over-year.
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Canadian Capacity Utilization Up to 82.7% in 2Q

Transportation equipment and chemical product industries were mainly responsible for the increase.
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Canadian Building Permits Up 11.8% in July

Growth in building permit value driven primarily by higher multifamily intentions in Ontario and British Columbia.
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U.S. Employment Growth Slows in August, Indicators Still Positive

Unemployment rate was little changed at 6.1 percent in August.
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Manufacturing Technology Orders Down 11.5% from June

Manufacturing technology orders down 1.4 percent year-over-year.
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How Close is the Labor Shortage?

While global unemployment remains relatively high, economists predict it won't stay that way for long.
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