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Chicago Fed Index: June
The Chicago Federal Reserve’s national activity index the Chicago Fed National Activity Iindex (CFNAI) moved up to +0.08 in June from –0.08 in May, largely due to improvements in production- and employment-related indicators. Three of the four broad categories of indicators that make up the index increased from May, and two of the four categories…
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Seneca Breaks Ground
Major building upgrades are set to begin at Eugene, OR-based Seneca Sawmill Company Friday, said The Register-Guard. The company invited media to the start of a US$60 million overhaul of its dimension mill on Highway 99. The dimension mill processes logs with diameters between 12 and 40 inches. The upgrades will improve efficiency at the…
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Transportation Update: North America
Big news out of the US this week on the transportation front: a Senate plan to fund federal highway and rail transportation projects for three years advanced on a procedural vote on Wednesday, overcoming a roadblock to begin debate on the legislation. The legislation is expected to dominate Senate debate into next week but would…
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US Housing Starts: June 2015
New-home construction in the U.S. climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects. Housing starts rose 9.8 per cent to a 1.17 million annualized rate from a revised 1.07 million in May that was stronger than previously estimated, figures from the Commerce Department showed Friday…
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US Producer Prices: June
The US Bureau of Labor Statistics (BLS) Wednesday released the Producer Price Indexes (PPI) for June. Inflation in prices received by producers rose 0.4 per cent in June after a 0.5 per cent increase in May. The increase was based on rising prices for both goods (0.7 per cent) and services (0.3 per cent). Within…
