USA: U.S. motor vehicle production slow-down signals economy's 'soft landing'
Analysts say a slight slowdown in motor vehicle production signals a soft landing for the U.S. economy, according to BridgeNews. As measured by a Federal Reserve report released on Wednesday November 15, U.S. vehicle production slumped 7.8% in October while the annual rate dipped from 13.1 million in September to 12.2 million. Overall, U.S. industrial production was down 0.1%, the first drop in three months.
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