Afternoon Coffee: Fed’s Beige Book Positive Despite Hurricanes, Per Angusta Raises €1 Million in Seed Round

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The U.S. Federal Reserve’s lastest edition of its Beige Book indicated modest to moderate economic growth across its 12 districts from September to October, the Wall Street Journal reports. While a historically severe hurricane season muted economic activity across the East Coast, the anedoctal information collected by the Fed suggested measured growth and tight labor market.

Per Angusta Funding

Sourcing startup Per Angusta announced Thursday it had €1 million in an initial investment round led by investment funds Kreaxi and Pléiade Venture, according to a press release. The company plans to use the fudning to further business development and reinforce R&D for the platform.

Deere Selects GEP

Agricultural manufacturer John Deere has selected GEP to supply source-to-pay (S2P) software to its indirect materials and services supply management organizations, according to a press release.

Canada Production

And finally, an economic update from the north: Canadian manufacturing sales rose 1.6% in August, significantly outpacing estimates of a 0.1% decline and the largest gain in eight month, the Globe and Mail reports.

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