The Economic Situation, Third Quarter, 1926

Archive Report

Activity in industry and trade, notwithstanding the seasonal declines that usually occur in mid-summer, was maintained at a high level in the third quarter of the year, and the total volume of business was larger than in the corresponding period of any other recent year.

Production in basic industries, after declining in April and May from the high level reached in March, increased in the following two months and continued in large volume in August and September. Distribution of this large volume of production through domestic channels of trade remained constantly at a higher level during the summer and early weeks of September than in any previous summer. Exports continued to increase, relative to imports, and the large balance of $125,000,000 of merchandise imports at ...

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