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Q3 GDP was released this morning and QoQ Real GDP (annualized) grew at a 3% pace. This follows a 3.1% QoQ growth rate in Q2.
But Q3 represents the 2nd consecutive quarter of negative growth in Gross Private Domestic Investment: Residential. The worst growth rate since 2010.
Yes, the lowest growth rate in residential Gross Private Domestic Investment since 2010.
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