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7 matches for " society of motor manufacturers":
We look for August's GDP report, released on Thursday, to show that output held steady, following July's 0.3% month-to-month jump.
April's GDP report, released on Monday, likely will add fuel to the fire of the re cent sharp decline in interest rate expectations.
At first glance, car sales appear to be staging a strong recovery, mirroring the better news on high street spending in Q2.
The consensus expectation that industrial production rose by 1.0% month-to-month in November is far too low; we expect Wednesday's data to show a jump of 2.0% or so. The rebound, however, should not be interpreted as another sign that the economy has been revitalised by the Brexit vote. Instead, we expect the rise chiefly to reflect volatility in oil production and heating energy supply.
All eyes today will be on the core PCE deflator for August, which we think probably rose by a solid 0.2%.
The downturn in car sales is showing no sign of abating. Data released yesterday by the Society of Motor Manufacturers and Traders showed that private registrations fell 10.1% year-over-year in October, much worse than the 6.6% average drop in the previous 12 months.
Chief U.K. Economist Samuel Tombs on U.K. New Car Registrations, July
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