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13th Mar 2024 18:22US, Daily Monitor

  • The January and February retail sales numbers signal a sharp slowdown in consumption in Q1.
  • Core PPI inflation has flattened recently, but weaker consumption will drag down margins later this year.
  • Expect a rebound in February manufacturing output, but it will mostly be a weather-related story.

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Keywords for: 15 March 2024 US Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence