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Core Report | November 18, 2022

After a flat reading in September, retail sales increased at its highest rate since March in October. October sales came in at a $694.5 billion rate, up 1.3% from September and up 8.3% from a $641.5 billion rate in October 2021. This is a new all-time high for adjusted monthly retail sales.The largest increases in sales compared to September, came from gasoline stations, bars and restaurants, building material stores, and online retailers.

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Core Report | November 11, 2022

Shipments of tractors and combines in Canada and the U.S. increased in October and are now up for the second consecutive month. Shipments totaled 32,604 units, up 26.1% from September. While shipments of combines were up year-over-year, the decline in tractor shipments was enough to push the total lower. Year-to-date tractor and combine shipments are now down 12.3% compared to the same timeframe last year.

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Core Report | November 4, 2022

After sliding for the first time in nearly a year in August, total construction spending increased slightly in September. Total construction spending came in at a $1.811 trillion rate, up 0.2% from August and up 10.9% on a year-over-year basis. While residential construction spending was virtually flat from August, non-residential spending saw an increase.

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Core Report | October 28, 2022

New orders for manufactured durable goods increased slightly in September, now up for the sixth time in the last seven months. They increased 0.4% to a $274.7 billion rate; this increase followed a 0.2% increase in August. New orders for primary metals were down 1.7% in September after a 0.1% increase in August.