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16th Oct 2023 20:51U.S., Daily Monitor

  • Real consumption spending likely rose at a 4% annualized rate in Q3, as people ran down savings further.
  • Manufacturing probably is past the trough, but the upturn so far has been extremely modest.
  • Housing starts probably rebounded in September, but the trend is flattening as mortgage demand falls.

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Keywords for: 18 October 2023 US Monitor

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