The Economic Situation, Second Quarter, 1926

Archive Report

Activity in industry and trade declined somewhat in the early months of the second quarter from the high levels that were maintained in the first quarter of the year and in the autumn of 1925, but the volume of business in general continued larger than in the corresponding period of last year. Manufacturing production averaged about 3 per cent larger in April and May than in the corresponding months of last year. Output of automobiles, iron and steel, and construction of new buildings continued larger than in the spring of 1925 and volume of merchandise passing through the channels of wholesale and retail trade, although somewhat retarded by unseasonable weather in the early spring, was larger than a year ago.

More Favorable Outlook

Observations in the ...

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