According to data released by theU.S. Department of Commerce, automotivespending continued its strong performance inthe month of June. Providing a preview ofnext month’s data, in the paragraph below wepoint out the report from the Federal Reservewhich indicates that manufacturing output ofvehicles and parts increased 10% in July. Wewould expect automotive sales data to reflectthe positive performance on the manfacturingside.
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