Pantheon Macroeconomics
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Rounding off another weak quarter for equipment investment.
Consistent with still-subdued business investment.
Business investment probably still set for a weak Q1
Demand for core capital goods remains weak; rebound in claims does not change the low and flat trend.
The underlying picture remains weak, despite the positive headline numbers.
Net trade unlikely to be a major swing factor in Q4 GDP growth.
Business equipment investment on course for another decline in Q4; too early to conclude that claims are flattening.
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