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GF Business News: GFK…Econ Survey & Target Sales

Mount Equity Group Tokyo, Japan > News > Business > GF Business News: GFK…Econ Survey & Target Sales

US industrial production increased 0.5% in November as output at the nation’s factories reached the highest level since January 2019. The November gain followed an even larger 1.7% increase in October which had represented a rebound following a 1% drop in production in September.  The September decline reflected severe supply chain problems.

 

New home construction in the U.S. rebounded 11.8% in November, as strong demand continues to boost builder confidence even with the slower winter season approaching. The double-digit percentage increase last month left home construction at a seasonally adjusted annual rate of 1.68 million units, an 8.3% increase from the rate at this time last year.

 

A new monthly survey of bankers in rural parts of 10 Plains and Western states shows the economy remains strong in the region, but some bankers said they are worried about how inflation will affect farmers. The overall economic index…

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