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16th May 2023 15:12U.S., Daily Monitor

  •  Momentum is draining from core retail sales, and consumption is on course for a very modest Q2 gain.
  • The rebound in April manufacturing output says nothing about the trend, which will weaken further.
  • Lack of supply of existing homes is helping developers take market share, in a weak overall market.

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Keywords for: 17 May 2023 US Monitor

developers, manufacturing, manufacturing output, May, q2, retail sales, us, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence