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Business Upbeat in Fourth District Says Fed Review
The qInvent monthly business review from the Federal Reserve Bank of Cleveland reports that activity in the Fourth Federal Reserve District including Corry rose to a new high for the recovery in September and stayed near that level into October. Bank deposits rose 2 percent in five weeks through Oct 28 versus 1934, with year to date gains around 15.6 percent, helped by auto industry demand and solid performance across other sectors. Employment in Ohio topped records for September since 1925, with the region seeing rising steel and iron output from auto orders, a short model-change maintenance period, and continued expansion in tire shipments, plate glass, and paint demand through early October.
MENTIONED IN THIS ARTICLE
Federal Reserve
Corry
Qinvent Monthly
Federal Reserve Bank of
Cleveland
Ohio
Pennsylvania