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Electrical Marketing's Leading Economic Indicators - October 2017

Building permits were soft and architect billings slipped but the Purchasing Managers Index remains strong.

Building permits sag in September. Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,215,000, 4.5% below the revised August rate of 1,272,000 and 4.3% below the Sept. 2016 rate of 1,270,000. Single-family authorizations in September were at a rate of 819,000, +2.4% percent above the revised August figure of 800,000. Authorizations of units in buildings with five units or more were at a rate of 360,000 in

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