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16th Dec 2024 18:17USDaily Monitor

  • Retail sales likely grew strongly in November, as the drag from Hurricane Milton in October unwound.
  • But mounting headwinds for households suggest weaker growth in consumers' spending in 2025. 
  • The consensus for growth in November production likely overlooks falls in mining and utilities output.

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Keywords for: 17 December 2024 US Monitor

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