Initial estimates for first-quarter GDP growth was 3.2%, suggesting significantly faster growth than consensus estimates.
SEMA Market Research
Economic data since the shutdown has been weaker and less robust than anticipated, and will continue to be throughout the remainder of 2019.
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It’s difficult to project where the U.S. economy is headed amid slow job growth but a strong labor market.
For a while, it seemed that American muscle had seen its heyday. By the ‘80s its so-called glory years had faded, displaced by growing consumer demand for compact fuel-sippers and practical sedans. But with recent advancements in turbocharging and other mileage-enhancing technologies, modern muscle is now ironically turning the tables on the traditional passenger car.
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The monthly report features a snapshot of the overall economy and specialty-equipment industry.
Auto-parts production in the last half of 2018 only grew at half the rate it did a year ago. Likewise, new-vehicle sales, while remaining positive, slowed as the year progressed.
Forty-four percent of modern musclecars have aftermarket parts installed.