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Core Report | September 22, 2023

After climbing sharply last week to a five-month high, spot iron ore ticked down slightly this week. Spot iron ore pricing ended the week at $120.90/mt, down from $123.95/mt a week ago. This remains the highest price for iron ore since early-April.

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Core Report | September 15, 2023

After contracting sharply in August, manufacturing activity from the New York region increased slightly in September. The September Empire Manufacturing Index came in at 1.9, up from -19.0 in August. The index has now increased in three of the last four months.

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Core Report | September 8, 2023

After slipping in July, U.S. light vehicle sales rebounded slightly in August. August U.S. light vehicle sales totaled 1.313 million units, up 1.0% from July and up 15.7% from 1.127 million units in August 2022. The increase in total sales in August came from both light trucks and imported vehicles, which climbed 1.7% and 5.3%, respectively.

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Core Report | September 1, 2023

Total construction spending continued to climb in July and is now up for the seventh consecutive month. Total spending came in at a $1.973 trillion rate in July, up 0.7% from June and up 5.5% from the $1.869 trillion rate in July 2022. Spending increased for both residential and non-residential projects in July, with the larger increase coming from residential.