Report
Data Round-Up: Vehicle Sales, Services Index Hit Cycle Highs; Trade a Solid Plus for 14Q3
posted by Michael Lewis on September 04, 2014
Found in US, categorized in Growth Outlook and Business Cycle
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Headline
The NMI and vehicle sales both exceeded expectations in August and hit new cycle highs. US exports also continued to confound pessimists. These and other recent upbeat data are pushing our 14Q3 real GDP forecast up to near +3%.
Abstract
FMI's analyses of the August Non-Manufacturing Index survey, July International Trade report, and August Vehicle Sales.