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3rd Jun 2025 08:49USDaily Monitor

  • Construction spending has dropped significantly in recent months, a trend we expect to continue…
  • …Falling spending points to small but sustained declines in construction payrolls ahead.
  • Auto sales plunged by 9.4% in May, signalling the broader wave of pre-tariff purchases is now fading.

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Keywords for: 5 June 2025 US Monitor

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