Word: offing
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Dates: during 1960-1960
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After a two-month rise that temporarily heartened businessmen, manufacturers' orders turned about and dropped 4% in October, sending the backlog of unfilled orders to the lowest point in two years. Manufacturers' sales fell 1% in October for their sixth monthly decline in a row. What was even...
The Christmas Test. One big test for the economy is whether retail stores will be able to top-or at least match-last year's record Christmas sales. Merchants are confident that an extra selling day and the consumer's yuletide spirit, helped by record personal income, will...
Adding to the consumer's buying power, pay boosts averaging 9.4? per hour last week went to 450,000 steelworkers under the 30-month contract that ended last year's steel strike. The big question whether the settlement would bring an inflationary price rise at last seemed to...
Wait & See. The next warming bit of news amid the chill was a rise in construction contracts awarded in October (see below). They topped the year before by 6%, the third monthly rise in a row, and set a new record for that month. Housing starts in October rose from...
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