Auto sector to boost U.S. GDP in Q2 - Scotiabank


TORONTO, April 29 (Reuters) - U.S. auto assembly output is set to jump 15 percent this quarter over last, adding an annualized 0.8 percentage points to U.S. economic activity, the first positive contribution to gross domestic product from the sector since mid-2007, Bank of Nova Scotia said on Wednesday. The Scotia Economics report said that with inventories for most manufacturers now better aligned with lower demand, automakers have scheduled output of an annualized 8.5 million units ...

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