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US Factory Production Declines in September

Factory production in the United States declined in September, against market expectations. Manufacturing production decreased by 0.3% last month, according to data by the US Federal Reserve released on Friday. August’s reading was revised to indicate that factory production increased by 1.2% not just 1% as initially estimated.

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US Inventories Rise in August

Business inventories in the United States increased during August for the second consecutive month, data showed on Friday. Business inventories went up by 0.3% in August after rising by 0.1% in July. Meanwhile, retail inventories increased by 0.4%.

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US Retail Sales Surge in September

Retail sales in the United States increased last month, according to data by the Department of Commerce on Friday. The rise in September retail sales was the biggest in three months, exceeding market expectations. Retail sales grew by 1.9% on a monthly basis, after rising by 0.6% in August.

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Canada: Manufacturing Sales decline by 2%

Manufacturing Sales in Canada declined by 2% to $52.4 billion in August, the data published by Statistics Canada revealed on Friday. This reading followed July’s impressive increase of 7.2% and came in worse than the market expectation for a fall of 1.4%. “Excluding transportation equipment, manufacturing sales rose 1.1%,” Statistics …

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