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Monthly GDP Ahead At 0830ET

  • Today’s monthly GDP for Oct/Nov advance (0830ET) marks the last important data release of the year.
  • Consensus sticks with the 0.2% M/M increase in October from last month’s advance, but could be buoyed at the margin by yesterday’s strong 1.4% M/M in retail sale volumes.
  • CIBC: “However, judging by a sharp decline in hours worked from the labour force survey, the initial estimate for November GDP may show at least a partial giveback of October’s advance.”
  • Released at the same time, we’ll also get separate advance estimates for manufacturing and wholesale trade in November.

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