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5th Oct 2021 00:20U.S., Economic Monitor

  • The plunge in new vehicle sales continues, but the incremental drop in Q4 will be smaller than in Q3.
  • Inventory is rock-bottom, and new vehicle prices are soaring, but the rate of increase has to slow.
  • New housing construction has peaked, for now, but a rebound in non-residential activity is set to start soon.

activity auto sales base effects business capex capex cash construction construction spending core cpi demand developers gdp gdp growth goods growth households housing housing construction index inventory ism it new housing construction prices remain retail sales sector services spending supply vehicle sales vehicles

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Keywords for: Auto Sales Dragged Down Q3 Consumption; Smaller Hit in Q4

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