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Core Report | August 5, 2022

Economic activity from the manufacturing sector continued to grow, but in a slightly slower rate than months prior. Despite slowing slightly, the manufacturing sector has been in expansion for twenty-six consecutive months.

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Core Report | July 29, 2022

The initial Gross Domestic Product estimate showed that the U.S. economy slid again in Q2. The initial estimate of Q2 GDP came in at a -0.9% annual rate. The decline in initial Q2 GDP came mostly from inventory destocking, along with declines in residential construction investment, government spending, and imports. Historically two consecutive quarters of negative GDP indicate the start of a recession.

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Core Report | July 22, 2022

The Architecture Billings Index came in at 53.2 for June as activity at architecture firms continuing to grow, but at a slower rate than in May. This is the seventeenth consecutive month activity has expanded.

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Core Report | July 15, 2022

Prices paid by consumers increased sharply once again in June with the Consumer Price Index up a sharp 9.1% on a year-ago basis. The largest year-over-year increase in prices since November 1981 is being driven by the volatility in the energy and food sectors.