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Global recovery watch: car sales

Posted on Wednesday, September 7, 2011 at 01:16PM by Registered CommenterSimon Ward | CommentsPost a Comment

Markets are fearful that a recent sharp fall in global consumer confidence will feed through to lower spending. It is still early but there is no evidence of any impact on August vehicle sales: the G7 total rose solidly from July to its highest level since March – see chart. This reflected increases in Japan and Europe, with the US little changed. Caveat: the gain is partly due to Japanese supply coming back on line, allowing earlier orders to be filled.

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