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U.S. Composite PMI shows continued strong growth in early Q4, led by services

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U.S. Flash PMIs indicate robust services growth, but continued contraction in manufacturing. New home sales increase. CFNAI suggests economic growth tapered off at the end of Q3. CEO confidence fades, a downside risk to capex growth in 2025. Initial jobless claims slide, but continuing claims rise, as labor market tightness eases.

Ned Davis Research | Economics | Daily Economic Perspectives | Daily

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